Submission + - China's Solar Industry Quietly Fired A Third Of Its Workers (zerohedge.com)
The job cuts illustrate the pain from the vicious price wars being fought across Chinese industries, including solar and electric vehicles, as China grapples with massive overcapacity and dismal demand (which has prompted China to dump its exports into any country that will accept them). As a frame of reference, the world produces twice as many solar panels each year as it uses, with most of them manufactured in China.
So to summarize: 5 years ago China unleashed a historic stimulus ramp to build up as much solar capacity as it could. Now, drowning in overcapacity, it is unleashing an even more historic ramp to reverse everything it did.