US Treasury Secretary Janet Yellen is set to discuss industrial overcapacity with top Chinese officials during her trip to China that starts on Wednesday.
Problem: China needs a lot of solar panels, quickly… and making many things is comparatively cheaper than producing a few things, per unit of course…
Solution: set up the infrastructure, produce a shit ton of solar panels and sell the excess on foreign markets to make up the difference.
You save a ton of money and give your own companies and infrastructure a chance to easily implement them. This is important, as China has had industrial smog problems in it’s manufacturing hubs.
This is something China can do, but the USA can’t do because it’s not government cheese or soda… for some reason.
It’s about utelising supply and demand.
Problem: China needs a lot of solar panels, quickly… and making many things is comparatively cheaper than producing a few things, per unit of course…
Solution: set up the infrastructure, produce a shit ton of solar panels and sell the excess on foreign markets to make up the difference.
You save a ton of money and give your own companies and infrastructure a chance to easily implement them. This is important, as China has had industrial smog problems in it’s manufacturing hubs.
This is something China can do, but the USA can’t do because it’s not government cheese or soda… for some reason.
It’s because the companies own the government in the US.