Pakistan has seen 10% drop in electricity prices, which typically indicate weak demand, and yet GDP has risen 2% in the same timeframe. How and why? It's because Pakistan is now the third-largest importer of Chinese solar panels. 13GW in the first six months of 2024 alone. Pretty astonishing as the country’s entire "official" electricity generating capacity is only 46GW. https://www.bloomberg.com/news/articles/2024-08-09/pakistan-sees-solar-boom-as-chinese-imports-surge-bnef-says?sref=U0wOqcqE&utm_source=substack&utm_medium=email&embedded-checkout=true