Donald Trump's protectionist stance on solar panels is expected to cause unemployment in the United States. In fact, the U. S. Solar Industry Association expects the unemployment rate to be as high as 88000, a little more than 50000 more than the total employment rate in the coal industry. As India is also entering the stage of trade protectionism, protectionism seems to be getting bigger and bigger.
At the same time, China's demand for solar cells and modules is expected to decline. Combined with the increasing trade protectionism, this will bring a difficult period to China's solar energy industry. It is reported in South China Morning Post and YAHOO finance. They say China's solar industry seems to be in a bleak moment.
My advice is, "don't bet on it."
For years, the growth of solar energy in China has been growing rapidly. Part of the reason is that Chinese solar manufacturers are competing in the world. More because of the domestic market in China. But Chinese companies do not need any of these products to sell more solar products. The Chinese government has a very important reason to support the production of solar energy abroad. They can go to countries that have little or no ability to make their own panels, even those who can't afford to pay for these products.
Beijing is trying to replace the influence of the United States in the world with its own power. So far, its efforts and success have been impressive, as seen in a concise article published in the free press of Mumbai. According to this article, the Chinese government is currently implementing a "one way" initiative, which promises to inject 1 trillion, 200 billion dollars into the troubled world economy. This is in addition to the $200 billion that has been delivered.
One of the goals of the plan is to influence the world of the United States. But another goal is to build a Chinese way of existence that can be used to build China's business, trade and military in the future. For example, part of the goal is to develop or take over ports. China has more than twenty sites in the African port.
From the point of view of China, the beauty of a developing country's loan is that it can't go wrong. If the loan is to pay interest, it is very good in China. But it could be better if the debt countries defaulted. When Sri Lanka is in arrears with a large amount of loans, China has taken a place to pay for Hong Kong, which will be in the lease for 99 years. How much is the value of the port? How much is the value of Hongkong to Britain? This is a long-term research topic for Chinese people.
The problem is beyond the eastern hemisphere. After Hurricane Maria, the Caribbean island of Dominica was in urgent need of assistance. Because it did not get anything from the United States, it turned to a helping hand. The result is a group of agreements, economic and military, between Dominica and China. And these agreements are not the only ones.
About 1 billion 200 million people all over the world have no electricity. However, the world is polluted by toxins and greenhouse gases. Therefore, coal, oil and natural gas can not provide sensible alternatives for many developing countries. In addition, solar panels are starting to compete with fossil fuel prices. Chinese people can make use of the weak position of developing countries to offer them an enviable position to purchase very low cost solar loans, and bring them into twenty-first Century. If they defaulted, it would only add a chance to another cheap commercial port or a cheap web site at a military base.
This has always been a huge advantage from the point of view of China. Beijing can subsidize the solar industry without considering the use of solar products. For the sake of China, they will go abroad. This has increased employment in China. It has increased China's industrial strength. It helps to combat climate change. It strengthens China's moral authority and strengthens China's leadership. In fact, this is a victory for all the people involved.
Unfortunately, the United States is not involved. The Trump administration has abandoned the third world, a move that China uses to propagate its own advantages. In an article written by Xinhua, "ignoring climate change and global efforts, Trump's us only focuses on its short-term interests, and shirk its responsibilities and even harm other countries' interests and global sustainable development." This is the point of the problem.
Without world leadership, we can't be great. We can't lead the world by refusing to participate. When we gave up the Paris climate agreement, we lost our leadership. The United States has lost its greatest position.