# How China Is Exporting Deflation Through Steel and Solar

Page: https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760/how-china-is-exporting-deflation-through-steel-and-solar
Text version: https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760/how-china-is-exporting-deflation-through-steel-and-solar.md
Podcast: [China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets](https://stenobird.com/podcast/china-economy-with-fexingo-beijing-s-policies-trade-and-asia-pacific-markets-7871760)
Published: 2026-07-10T06:45:34+00:00
Episode link: https://audio.fexingo.com/business/china-economy/episode-0103.mp3
Audio file: https://audio.fexingo.com/business/china-economy/episode-0103.mp3
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Duration seconds: 490

## Resource

China's industrial overcapacity isn't just a domestic problem — it's reshaping global pricing in steel, solar panels, and lithium batteries. On this episode of China Economy with Fexingo, Lucas and Luna examine how Chinese exports have driven down prices of key industrial goods by 20-40 percent over the past year, and what that means for manufacturers in Europe, India, and Southeast Asia. They dig into the specific case of solar module prices, which have fallen so low that Chinese producers are now selling below production cost, triggering anti-dumping investigations. Lucas explains the mechanism: China's combination of state-directed lending, surplus production capacity, and a relatively stable yuan means it can export deflation even as its own consumer prices remain flat. Luna questions whether this is a deliberate trade strategy or a side effect of overinvestment. The episode also touches on the latest China trade balance data and what a stronger euro might mean for export pricing. If you've wondered why your solar installation quote dropped 30 percent this year, this episode explains the macro behind it. #ChinaDeflation #ExportStrategy #SteelOvercapacity #SolarPanelPrices #LithiumBattery #IndustrialGoods #AntiDumping #TradeBalance #YuanPolicy #GlobalPricing #Manufacturing #SoutheastAsia #EuropeTrade #Economics #FexingoBusiness #FexingoPodcast #BusinessPodcast #ChinaEconomy Keep every episode free: buymeacoffee.com/fexingo

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## Transcript

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