> While China’s industrial policy is boosting energy and resource security, it has also led to overcapacity, hammered countless foreign rivals and added to a significant trade imbalance.<p>> The country’s cleantech manufacturing capacity massively outstrips domestic demand, according to data from Wood Mackenzie.<p>> This has sparked allegations from Washington and Brussels that Beijing has violated international trade rules through years of unfair state support.<p>> Immense supply gluts in solar, for example, have led to warehouses overflowing and low-grade Chinese-made panels being used for fencing in Europe.<p>The number of weird ways western journalists have tried to make China (aka the workshop of the world, the largest exporter of goods since 2009) manufacturing and exporting stuff sound like a problem for the Chinese is just crazy.<p>What next? Saudi Arabia is pumping far more oil than it needs for domestic demand?
Why is "rest of the world" planning to go crazy hard into electrolyzer manufacturing by 2030? At first glance it seems more likely to be a mistyped number in a source spreadsheet than reality.