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In addition to sweeping economic impact for American businesses, this phenomenon had political, cultural, and environmental ramifications. America’s political power rose in the last century as a result of impressive economic performance. The decline in the US businesses led to erosion of America’s political leverage abroad. Many countries increasingly looked east for a new rising superpower.

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One of the vital ingredients required for solar cells is Polysilicon. Gao is of the opinion that foreign firms have cut down prices of this key item to squeeze out the firms of China from business. She said, “Foreign companies lowered polysilicon prices greatly in recent years and this has forced many Chinese polysilicon producers to go bankrupt”.

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