China experienced a significant increase in solar product exports in 2023. It exported 56GW of solar wafers, 32GW of cells and 178GW of modules in the first 10 months of the year, up 90%, 72% and 34% year-on-year respectively, according to the China Photovoltaic Industry Association. However, due to falling costs, the export value of these solar products only increased by 3%.
The funniest quote in the article. China is outcompeting themselves so hard on price that they can almost double export products without affecting export value. That’s absurd.
Western institutions fundamentally misunderstand the clean energy revolution. It’s actually rather worrying, because it’s a large part of why Western estimates of China’s economic growth have been so far off.
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You mean like how the USA include thousands of dollars of fake rent in GDP numbers for every single homeowner in America under the justification that if they didn’t own their homes they’d be paying rent? Like that kind of politicization of economic metrics publications? Or maybe you mean how the USA only counts someone as unemployed if they are pursuing their unemployment insurance but also every state has a financial incentive to deny as many unemployment claims as possible? Or maybe it’s the constant debate around whether to use a consume price index that excludes things food and rent?
The new youth unemployment numbers now exclude students. In school. In China’s notoriously challenging education system. Shocking. Massively corrupt. Politicized. Terrible. Basically communism.
Get a grip. Turns out, as your population increasingly pursues higher education, fewer youth are looking for jobs.
Unemployment data always excluded students and everyone else outside of job seekers?
Edit: OP is lying, don’t believe unsourced stuff you read on Lemmy
Yeah, in the US.
Have a couple sources that explain how you’re wrong:
https://www.globaldata.com/data-insights/macroeconomic/the-unemployment-rate-of-china-220098/
Something tells me you don’t speak Chinese, huh?
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care to elaborate? The rest of the world definitely has higher environmental standards (and, more importantly, enforcement of them) than China. And that is a significant driver of the cost. You should read about the history of the PV industry in Germany before throwing insults.
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What’s the deal with you, exactly? Are you denying the many substantiated academic reports of environmental damage caused by rare-earth extraction and refining as part of some anti-China conspiracy? Just so I know if it’s worthy of my time to engage at all.
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It’s been entirely innovation-based cost reduction. This comment shows a lack of understanding of the Chinese PV industry and how it outcompeted everyone else.
In a year, it’s essentially dropped prices across the board by almost half.
