China's Solar Industry Meltdown: Mass Layoffs and Overcapacity
2025-08-08
China's solar industry is facing a brutal downturn, with leading companies laying off nearly a third of their workforce last year. This reveals a crisis of overcapacity and vicious price wars, fueled by previous government-led expansion. While the government is attempting intervention, local resistance and corporate foot-dragging hinder solutions. This highlights the risks of central planning and foreshadows potential issues in other Chinese industries.
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