You can make the other argument that China subsidizes the price and that they can't be profitable at this pricing level. From an industrial strategy standpoint, they already do this for many other industries with huge subsidized state loans.
So we can go round and round on this, each with our made-up objections about how it's temporary or unrealistic or impossible or whatever, or we can just accept the prices as listed and use that to guide our economic decisions.
You can make the other argument that China subsidizes the price and that they can't be profitable at this pricing level. From an industrial strategy standpoint, they already do this for many other industries with huge subsidized state loans.
So we can go round and round on this, each with our made-up objections about how it's temporary or unrealistic or impossible or whatever, or we can just accept the prices as listed and use that to guide our economic decisions.