China is fast-tracking the development of third-generation nuclear power plants both in terms of domestic design as well as nuclear projects under construction, a situation that experts said reflects the “sheer size” of State players that have abundant capital and the ability to absorb risks. But as core nuclear technologies such as engines and primary pumps are still in the hands of foreign rivals, experts warned that domestic companies should scale up efforts to master such techniques to avoid encountering the plight of ZTE Corp. The nuclear power industry in China has “made significant headway in recent years, with its advantages basically taking shape,” read a report issued by the China Nuclear Energy Association (CNEA) on Monday. With regard to industry scale and business prospects, China has become a global center of third-generation nuclear power.
Global Times 24th April 2018 read more »