China’s solar industry just hit a massive structural turning point.
Facing 10 consecutive quarters of corporate losses and rampant overcapacity, Beijing is stepping in with aggressive fiscal interventions that just crashed solar exports by 40%.
Here is the real story
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“For middle powers, the challenge is no longer how to avoid choosing a superpower patron,” argues Michael Beckley. “It is how to choose a patron without becoming a pawn.”
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In a sign of Xi Jinping's insecurities, China has expelled an outstanding New York Times correspondent, Vivian Wang, who for years has done tremendous work covering that country. The Times, which has covered China since the 1850s and once had about a dozen correspondents in China, now has just one -- because of visa restrictions. China is a major international power, but it displays a remarkable lack of self-confidence when it bars correspondents like this. It will still be covered but from places like Taiwan in ways that can't do it justice. China has some extraordinary accomplishments in science, in education, in health, in infrastructure; a baby born in Beijing today has a longer life expectancy than a baby born in Washington DC. Yet China fears international coverage in a way that I think reflects a political immaturity and hurts itself. 搬起石头砸自己的脚. https://t.co/3LJQfY1I30