I think you're misunderstanding to some degree. While silicon PV caps out at around 24% (I think up to 27% now), 100% conversion is basically impossible because of physics.
Plus, the sun basically has infinite energy, so it's not like efficiency is that big of a concern compared to energy density.
They account for like 80% of PV production. Basically all of that solar deployed in the rest of the world was built in China. For the fraction that isn't, it was probably built in Southeast Asia by a Chinese company.