> China’s solar industry is also grappling with oversupply. This year the prices of most components of solar modules have fallen below their average production cost. Many companies in the industry are scaling back manufacturing. Others have scrapped plans to enter the market. Haitai Solar, a maker of solar components, has said it expects prices to fall further.<p>If this is the case the world should be making hay while the sun shines (pun intended). There is a historic opportunity to bring in dramatic reductions in fossil fuel usage, not just in the west but in the 3rd world too.<p>From the slavers of ancient times to the oil barons of today, energy and its acquisition has been a source of strife in most if not all of mans history. Only through its abundance in an environmentally sustainable manner can we improve.
Manufacturers going broke when they can't compete in a market? Why that sounds like free market capitalism, which The Economist sometimes pretends to support but apparently can't even recognize.<p>> Domestic car sales have fallen in recent months, year on year. Exports in July were below expectations<p>The subtle shift from actual sales to "below expectations" indicates they know that the exports rose and don't want to say that for some reason.<p>From another source:<p>> First half of 2024： China's auto exports grew 30.5% year-on-year to nearly 2.8 million cars.