Recently, with a large influx of Chinese photovoltaic products into the European market, the EU is planning to take new restrictions on Chinese photovoltaic companies. In the face of this situation, Deng Hequan, senior strategic analyst of China Merchants Fund, said that China's photovoltaic industry is no longer the weak in the past, but the leader of the global photovoltaic industry.

Deng Hequan recalled that between 2011 and 2013, the United States and the European Union launched a "double reverse" investigation of Chinese photovoltaic companies, when the high double reverse tax brought great pressure on China's photovoltaic industry. However, in the past decade, Chinese photovoltaic companies have achieved nirvana through technological innovation and quality improvement, and once again stood at the forefront of global photovoltaic technology.

The strong momentum of China's photovoltaic products exports is the embodiment of its technological advantages and cost advantages. However, this has also led to the trend of trade protectionism in some countries and regions. Deng pointed out that this trade protectionism not only poses a challenge to Chinese PV companies, but also may affect the local PV installation market in Europe, because the rising price of Chinese PV products may cause European users to turn to other alternatives.

At the same time, in the face of trade protectionism and market access issues, Chinese photovoltaic companies need to continuously improve product quality and technical level to meet international standards. Deng Hequan believes that this is both a challenge and an opportunity, because through self-improvement, Chinese photovoltaic companies can gain a greater competitive advantage in the global market.

He stressed that global trade protectionism is often a lose-lose situation, and China's photovoltaic industry has undergone earth-shaking changes, endogenous competitiveness compared to a decade ago significantly improved. Therefore, Chinese photovoltaic enterprises should have enough experience and preparation to deal with the challenge of international trade protectionism.

Although the EU's new restrictions have brought challenges to Chinese photovoltaic companies, they have also provided impetus for further development and innovation. China's photovoltaic industry will continue to work hard to provide global users with better quality and more efficient photovoltaic products. Editor/Xu Shengpeng