China warns solar firms against price collusion, fraud

China's market regulator on Friday urged the country's solar industry to curb deflationary price wars, warning firms against unfair pricing practices such as price collusion and fraud.

The State Administration for Market Regulation said it will intensify product quality supervision and crack down on illegal activities to maintain fair market competition.

The comments mark the government's latest effort to rein in cutthroat competition and stabilise pricing in the solar industry amid mounting pressure on manufacturers.

-Ethan Wang and Ryan Woo