Western institutions fundamentally misunderstand the clean energy revolution. It’s actually rather worrying, because it’s a large part of why Western estimates of China’s economic growth have been so far off.
You mean like how the USA include thousands of dollars of fake rent in GDP numbers for every single homeowner in America under the justification that if they didn’t own their homes they’d be paying rent? Like that kind of politicization of economic metrics publications? Or maybe you mean how the USA only counts someone as unemployed if they are pursuing their unemployment insurance but also every state has a financial incentive to deny as many unemployment claims as possible? Or maybe it’s the constant debate around whether to use a consume price index that excludes things food and rent?
The new youth unemployment numbers now exclude students. In school. In China’s notoriously challenging education system. Shocking. Massively corrupt. Politicized. Terrible. Basically communism.
Get a grip. Turns out, as your population increasingly pursues higher education, fewer youth are looking for jobs.
What do you believe is so unique about China’s PV production that couldn’t/haven’t been reproduced by the rest of the world? I mean, other than the ability to undercut developed countries by ignoring externalities and the damage caused to the environment by the extremely polluting extraction and refining process…
Don’t get me wrong, I’m as happy as the next guy for more renewable, but here we are cheering for the kleptocrats.
care to elaborate? The rest of the world definitely has higher environmental standards (and, more importantly, enforcement of them) than China. And that is a significant driver of the cost. You should read about the history of the PV industry in Germany before throwing insults.
What’s the deal with you, exactly? Are you denying the many substantiated academic reports of environmental damage caused by rare-earth extraction and refining as part of some anti-China conspiracy? Just so I know if it’s worthy of my time to engage at all.
It’s been entirely innovation-based cost reduction. This comment shows a lack of understanding of the Chinese PV industry and how it outcompeted everyone else.
In a year, it’s essentially dropped prices across the board by almost half.
Western institutions fundamentally misunderstand the clean energy revolution. It’s actually rather worrying, because it’s a large part of why Western estimates of China’s economic growth have been so far off.
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You mean like how the USA include thousands of dollars of fake rent in GDP numbers for every single homeowner in America under the justification that if they didn’t own their homes they’d be paying rent? Like that kind of politicization of economic metrics publications? Or maybe you mean how the USA only counts someone as unemployed if they are pursuing their unemployment insurance but also every state has a financial incentive to deny as many unemployment claims as possible? Or maybe it’s the constant debate around whether to use a consume price index that excludes things food and rent?
The new youth unemployment numbers now exclude students. In school. In China’s notoriously challenging education system. Shocking. Massively corrupt. Politicized. Terrible. Basically communism.
Get a grip. Turns out, as your population increasingly pursues higher education, fewer youth are looking for jobs.
Unemployment data always excluded students and everyone else outside of job seekers?
Edit: OP is lying, don’t believe unsourced stuff you read on Lemmy
Yeah, in the US.
Have a couple sources that explain how you’re wrong:
https://www.globaldata.com/data-insights/macroeconomic/the-unemployment-rate-of-china-220098/
https://m.investing.com/economic-calendar/chinese-unemployment-rate-1793#:~:text=The Chinese unemployment rate measures,employment during the reported month.
Something tells me you don’t speak Chinese, huh?
Something tells me you’re a CCP shill based on your post and comment history, huh?
What do you believe is so unique about China’s PV production that couldn’t/haven’t been reproduced by the rest of the world? I mean, other than the ability to undercut developed countries by ignoring externalities and the damage caused to the environment by the extremely polluting extraction and refining process…
Don’t get me wrong, I’m as happy as the next guy for more renewable, but here we are cheering for the kleptocrats.
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care to elaborate? The rest of the world definitely has higher environmental standards (and, more importantly, enforcement of them) than China. And that is a significant driver of the cost. You should read about the history of the PV industry in Germany before throwing insults.
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What’s the deal with you, exactly? Are you denying the many substantiated academic reports of environmental damage caused by rare-earth extraction and refining as part of some anti-China conspiracy? Just so I know if it’s worthy of my time to engage at all.
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It’s been entirely innovation-based cost reduction. This comment shows a lack of understanding of the Chinese PV industry and how it outcompeted everyone else.
In a year, it’s essentially dropped prices across the board by almost half.