"China's Solar Boom Overwhelms Power Grid"

China has produced an excess of solar panels, leading to overcapacity issues both domestically and internationally. This has resulted in calls from the US and EU for Beijing to control production, raising the possibility of a trade war. Domestically, China is facing challenges with storage and transmission of the excess energy, prompting a reduction in price support and fewer installations. The situation has led to layoffs in the industry and calls for mergers and acquisitions to manage capacity. The US has responded by increasing tariffs on Chinese solar imports.