China is also now facing an interesting problem as solar + batteries are cheaper than coal today. But coal currently is around 60% of its electricity supply it uses around 10 trillion kwh. So 6 trillion kwh * $0.08c is $600 billion ie it will have to destroy a $5-600 billion industry that employees millions of people. But at the same time it will be getting cheaper energy and the cost of producing energy will keep getting cheaper each year that would be another deflationary pressure on its economy.
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