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I think most businesses could crush their competitors if one of the worlds largest economies decided to be their bottomless patron. Framing it as "getting finan
by fujgygvlj 7y ago
I think most businesses could crush their competitors if one of the worlds largest economies decided to be their bottomless patron. Framing it as "getting financing" makes it sound like some kind of venture capitalist affair when the reality is that China decided to kill foreign competitors with heavy state subsidies and all the California hippies cheered for it because they cheer for anything with the word solar attached.
- hef19898 7y agoYeah, that's true. But the China is communicating this fact in their five year plans. So the competition can hardly be surprised. IMHO, it is still close to the VC model. Just in a very strategic and state backed way. e.g. Yingli Solar was for a very long period the biggest manufacturer of solar modules worldwide. Until they screwed up financially, now they aren't top ten anymore.