China Sets Sights On New Global Export: Nuclear Energy

BEIJING (AP) — On a seaside field south of Shanghai, workers are constructing a nuclear reactor that is the flagship for Beijing's ambition to compete with the United States, France and Russia as an exporter of atomic power technology. The Hualong One, developed by two state-owned companies, is one multibillion-dollar facet of the Communist Party's aspirations to transform China into a creator of profitable technology from mobile phones to genetics. In the case of nuclear reactors, industry experts say China is underestimating how tough it will be for its novice exporters to compete with the foreign companies that helped create its industry, given the political hurdles, safety concerns and uncertain global demand following Japan's Fukushima disaster. [...] deals usually involve financing packages from state banks, a model that has helped Chinese companies break into the market for building highways and other public works in Africa and the Middle East. The Hualong One under construction in Fuqing, near the southeastern city of Fuzhou, is a hybrid created by CGN and its main rival, China National Nuclear Corp.

BING NEWS:
  • Nuclear Security through the Eyes of the Co-Presidents of ICONS 2024
    Given that the responsibility for nuclear security rests entirely with States, ICONS 2024 provides a unique opportunity to reaffirm, at the ministerial level, States’ commitments to promoting the ...
    05/14/2024 - 3:07 am | View Link
  • Russia warns of nuclear weapon drills to ‘cool down’ West. Is it bluffing?
    The U.S. later said it would not be changing its nuclear posture in response, underscoring the continued belief that Russia is unlikely to actually use nuclear weapons in Ukraine.
    05/7/2024 - 4:25 am | View Link
  • The U.S. Has Received a Rare Invitation From China. There Is Only One Right Answer.
    Mr. Hennigan writes about national security issues for Times Opinion. In the middle of the last century, as the United States and Russia rapidly amassed thousands of nuclear weapons, China stayed ...
    04/14/2024 - 1:00 pm | View Link
  • Iran eyes Russia and China for nuclear investment, ties
    Iran is seeking to expand cooperation with Russia and China on nuclear energy issues, according to a report. The Iranian spokesman for Iran’s Atomic Energy Organization, Behrouz Kamalvandi ...
    03/23/2024 - 4:24 am | View Link
  • China Responds to Putin's Nuclear Weapons Warning
    Beijing said Wednesday that nuclear powers should "jointly seek de-escalation" following Vladimir Putin's statement that Russia is prepared for a possible nuclear conflict. "From a military ...
    03/14/2024 - 1:36 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News