It has. There's an enormous amounts of solar panel manufacturers in china that had to close down, due to the governments ordered over capacity, to try and take over the world. This has led to enormous waste of resources in china.

Now the government has ordered massive development of electric cars, to push down prices to loss making levels. In a few years, a lot of chinese elctric car manufacturers will close down, just like what happened with solar.

The trick here for the west, is to copy china, and once the internal bubble bursts, launch its own companies in solar and e-cars based on copied chinese technology.

The hunter has truly become the hunted!