China’s EV and solar boom is a capitalist win for communism

The people's republic is the biggest single market in the world for clean technology. (Image: Bloomberg)

Sat, 30 Mar 2024

By David Fickling There’s a comforting but erroneous explanation for why your solar panels, home battery and electric car are increasingly likely to be made in China. The economy there is awash in easy money from state banks; its renewable manufacturers are undercutting rivals everywhere else in the world; ergo, China’s comparative advantage isn’t scale, cost efficiencies or innovative prowess, but the availability of cheap government subsidies.In the EV industry “everybody has an endless supply of lo...

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