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.
https://www.carbonbrief.org/chinas-construction-of-new-coal-...
However, the new coal plants are largely replacing old, inefficient, heavily polluting ones, so they're still a net positive.