And both Germany and Spain have dropped subsidies on solar power.
Yeah, even with subsidies they cant compete. The chickens are coming home to roost. German companies invested into Chinese solar, no jobs for Germans.
You've got it Ernest. The Chinese announced their goal of one hundred twenty five new nuclear plants five years ago - and they are on track with three new plants already on line.
As the world's largest manufacturing country they will manufacture to order. It may be that the diminishing value of the world's currencies is not in their interest?
China's leaders know that China must manufacture efficiently to grow, and to avoid the social unrest which would result from high unemployment. America's leaders want the unrest to create a crisis because that might allow them to replace what remains of free enterprise with a socialist dictatorship.
Unsubsidized solar energy is an order of magnitude (ten times) more expensive than nuclear or coal. China doesn't have the enormous legal burden that delays plant construction in the US for from ten to twenty years after the loans begin to accrue interest payments.
China also genuinely wants clean air. There are no emissions from nuclear plants, and no commercial nuclear plant has ever hurt a single citizen as a result of its radioactive characteristic. Nuclear has the safety advantage that it is so easy to detect the slightest breach of its containment. Even Chernobyl, not a commercial plant, killed more people because it was off line than died from the meltdown and fire - three direct deaths and twenty to sixty over five years from presumed increased radiation induced disease (hard to tell because Chenobyl, like our on Nevada experience, actually had a lower average incidence of leukemia than most of the Ukraine.
Our media are complicit, and almost always have been stimulating fears among those who, understandably, don't know better. Every day you can find some propaganda against nuclear. The units have no meaning to most. Just today an report on increased radioactivity in kelp was published to a naive public, implying that the "catastrophic Fukushima meltdown" was spreading death across the ocean. For those who don't know, iodine 131 has an 8 day half life. Any iodine 131 found in kelp has most likely come from hospital refuse, and poses no risk in any case. But it serves the purpose. The Fukushima reactor hurt no one, except by being off line, like every other commercial nuclear disaster. China is trying to build. The progressives currently in control want to destroy free markets. Progressives are at war with capitalism. Their tactics are a refined version of ‘Helter Skelter.’ The ‘antiwar’ Marxists are still alive, and destruction is what they learned to do best during their formative years during the 70s.