Adam Tooze on the Big Misconceptions of the Chinese Economy
Odd Lots
Embrace Photovoltaics Amid Global Economic Shifts
Increasing the adoption of photovoltaics is essential, especially with the drastic reduction in costs. Countries like Pakistan are leveraging this opportunity to import significant solar energy capacity despite facing financial troubles, highlighting the growing accessibility of solar technology. The expansion of China's production capacity has made photovoltaics more affordable, enabling less economically stable nations to invest in renewable energy infrastructures. However, there is a complex narrative regarding Chinese industrial overcapacity; while Western politicians criticize it, much of China's production is primarily aimed at domestic consumption rather than global export, complicating the perception of a looming threat in global markets.
