https://www.wsj.com/world/china/china-trade-war-xi-manufacturing-49f81f68?mod=trending_now_news_5

"China is cranking up its massive export machine again, and this time
there’s nowhere for competitors to hide.

A Massachusetts startup called CubicPV bet on silicon wafers, a
high-tech component in solar panels. Buoyed by President Biden’s climate legislation enacted two years ago, with billions of dollars in tax
credits and government loans, CubicPV announced plans in late 2022 for a
$1.4 billion wafer plant in Texas.

Since then, China has nearly doubled its output of silicon wafers, way
more than it needs. The extra wafers had to go somewhere—and they went overseas, pushing prices down by 70%. CubicPV had to halt its production
plan early this year, putting engineers and other employees out of work,
citing “a distorted market as a result of China’s overcapacity.”

Thousands of miles away, in Chile, iron ore miner and steelmaker CAP is grappling with Beijing’s continued commitment to low-end commodity manufacturing, as an onslaught of cheap Chinese metal hits its shores.
The firm said this month that it would shutter its giant Huachipato
steel mill in central Chile indefinitely, with the loss of some 2,200
jobs. The company said it can’t compete with low-price Chinese metal
even after the government raised tariffs on steel bars and other
imported products.

Beijing’s solution to a weak Chinese economy—putting the country’s factory sector on steroids—is squeezing businesses around the world and raising the specter of a new global trade war."

Strange view #1:
If American company had invested in manufacturing of solar panel, it is imappropriate or wrong for China to produce for export.

Strange view #2:
It is wrong from Chinese manufacturers to be competitive.

Strange view #3:
Chinese government seems to possess magical ability such that Beijing
could wave a magic wand whenever it wants and suddenly Chinese factory
sector would be on steroids.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)