There is still the issue of transmitting and storing that power but yeah, it's entirely feasible that solar could - eventually - take a huge chunk out of the market for baseload generation. It would appear that the subsidies are having their intended effect -- inflating the market enough to drive down the costs associated with production and stimulate research. If and when it works, there will be a lot of unhappy energy producers out there who are not making the appropriate renewables investments today - however, if they are in that camp they probably don't know which way the wind is blowing anyway (and wont be quite smart enough to crush it entirely as a result). I think if we have to get there eventually, what's the harm in letting china share part of the costs? We all win in the end why delay the future.