Meanwhile, China's solar industry is in rapid decline, dropping 40% in market cap y/y, due to overcapacity, falling price margins, bans on goods from China's Xinjiang region, and increased non-Chinese solar growth - US's solar industry seem to be on the rise. China's solar industry should follow similar trends as its electronics industry, with massive pullout of factories to other countries, and eventually only mostly servicing China's internal markets.

Plunging Solar Stocks Fly in Face of Booming Panel Demand https://www.bloomberg.com/news/articles/2023-06-20/solar-sto...

U.S. solar installations to fall 23% this year due to China goods ban -report https://www.reuters.com/business/energy/us-solar-installatio...