China and Henry
It strikes me that the Chinese manufacturers, as a rule, follow the edicts of Henry Ford.
That is, make something so cheap that no one can not afford it.
In the solar panel industry that’s what the Chinese have been doing since 2012. Making the same product cheaper and cheaper.
Sure, panels have got more power per panel, but all the consumer cares about is the dollar per watt, which keeps going down. And the thing looks identical from year to year, to the untrained eye.
Where the Chinese and Henry depart though is in the use of debt. Henry just wouldn’t because he thought bankers were wankers.
The Chinese always use debt. However they do so because it’s cheap debt and sometimes even free. That is, their government makes sure it’s available on great terms, repayable at will, zero interest and forgivable if needed.
On those terms even Henry would have been tempted.
offshore westerly 