Market mindset issue. The Government can set the price at $420/kW if it wants to by nationalizing the entire industry. Then you get Chinese imports and your own local production.
Any socialist (or even a social democratic) country would love to have another country accept their own currency for real goods because it’s basically a resource transfer.
But yeah under “free” market, China wins and your country can suffer deindustrialization.
Market mindset issue. The Government can set the price at $420/kW if it wants to by nationalizing the entire industry. Then you get Chinese imports and your own local production.
Any socialist (or even a social democratic) country would love to have another country accept their own currency for real goods because it’s basically a resource transfer.
But yeah under “free” market, China wins and your country can suffer deindustrialization.
I long for the day where market absolutism is seen as cute childish naïveté and things done outside the profit motive is paraded as realpolitik.
Thank you for saving the world, China.