L A Times “Green China” Latest News

I have a theory about why China builds solar and wind parks. They have built up the most massive production facilities for this kind of gear. And now they produce way more solar panels and wind turbines than they can sell in an already oversubsidized international market. What to do? If production facilities cut back, workers will be laid off. In the current difficult economic and political climate in China, this is akin to suicide. Xi can’t risk this – better printing some more money and build useless solar parks. Gives him some bragging points in front of foreigners as well plus makes people look away from their gargantuan coal consumption. 

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