In the wake of the bankruptcies of three U.S. solar companies in the past month, a report in The New York Times examines the increasing dominance of China's solar industry. According to the article:

Some American, Japanese and European solar companies still have a technological edge over Chinese rivals, but seldom a cost advantage, according to industry analysts.

Loans at very low rates from state-owned banks in Beijing, cheap or free land from local and provincial governments across China, huge economies of scale and other cost advantages have transformed China from a minor player in the solar power industry just a few years ago into the main producer of an increasingly competitive source of electricity.

The full article is available here.