摩根大通：中国太阳能_供给侧改革_当前局面难寻解决方案

J P M O R G A N This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Solar Asia Pacific Equity Research 05 July 2025 Supply-side reform? Not easy to find solution to current situation; stock picks on valuation and risk/reward President Xi's remarks at the 6 ...