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Story summary
- People's Republic of China (PRC) dominates clean-energy markets, producing over 70% of electric vehicles and 92% of solar cells.
- Electricity prices in PRC are less than half those in the U.S.
- The United States under Trump views green energy as a "scam" and fears a mercantilist setback.
- China's mercantilist strategy faces a near-30% battery price drop and an "anti-involution" campaign.
