Is there a future where China uses this as leverage with the rest of the world to put sanctions on the US if we don't transition?
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This is capitalism in action: solar is cheaper than anything else per kwh. The obsession with fossil in the West is due to the fossil fuel lobbies, not because of the rational market forces. China doesn't have that.
If you are trying to use American made panels near population centers in the Northeast or the Midwest, the economics become much more challenging.
China developed and built many UHVDC transmission lines to deal with it.