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I wouldn’t think China would be installing them IF they didn’t actually provide power in an economically feasible way.

The Manhattan Contrarian article explains why this is being done in China. It is not for energy. It is because of politics:

The article does provide the answer to why China might be spending billions on this uneconomic endeavor. Xi wants it!

“Energy is a strategic issue in development — our pioneering development of wind power and solar technology has proved to be forward-looking,” Xi Jinping, China’s top leader, said in late March. . . . In a speech in July, Mr. Xi urged China to “promote the orderly and well-regulated expansion of offshore wind power.”

It looks like Xi is no better at doing basic arithmetic or physics than the morons who are in charge of climate policy here in New York. And in China, nobody dares to speak up and contradict Xi, no matter how obviously wrong he may be.

There is a long history of central planning making enormous mistakes which turn out to be disasters, because the “great leader” decided to do them without any constraints.