Scaling Up China's Solar Panel Industry: Surpassing All Expectations

China's photovoltaic (PV) production grew much more than expected in 2023 resulting in a significant excess of domestic supply over domestic demand. Notwithstanding the benefits of a low-cost climate change mitigation technology, there are both commercial as well as political constraints on foreign absorption of Chinese PV supply. Attendant trade tensions are likely to persist as there is little evidence that the mooted shake out of Chinese producers is underway.