China's solar industry is currently at a critical juncture, according to Li Zhenguo, the founder and president of Longi Green Energy Technology Co., a major solar panel manufacturer in the country.

In a recent interview, Li expressed optimism about the sector's recovery, which has been grappling with oversupply and intense price competition. He predicted that it would take two to three quarters for product prices to surpass production costs, citing a slight increase in bidding prices compared to the previous month. This suggests a potential stabilization in the market, which has faced significant challenges in recent times.