BBC：Nuclear technology - China's next great export?

[Tresbon]

Britain's Chancellor George Osborne announced greater collaboration with China on the construction of nuclear plants at a news conference with Chinese Vice-Premier Ma Kai

For China, the prize on offer in the UK is not the investment in Hinkley Point or Sizewell B but a controlling stake at Bradwell in Essex. This could be the first Chinese-designed nuclear power plant in the West, a massive breakthrough for China in promoting global exports of its nuclear technology.

So far its customers have been confined to countries like Pakistan, Romania and Argentina with the developed world opting for American, Japanese and French technology.

But the Energy Secretary, Amber Rudd, has said that China will be part of building the next generation of UK nuclear power stations and that having Chinese design up and running in the UK would give other countries confidence on safety.

Safety is a key question.

China launched a nationwide safety inspection into all its existing nuclear facilities in the wake of the Tianjin chemical warehouse disaster last month that killed more than 160 people.

Though none of its existing reactors has experienced any serious accidents, its entire nuclear construction programme was suspended in 2011 following Japan's Fukushima disaster. New approvals started again this year.

China is the world's biggest builder of nuclear power plants. It currently operates 24 reactors with a further 25 under construction. Critics say the industry is expanding too fast given its brief history in China and serious shortage of experienced engineers and operators. They also complain that safety regimes have come second to profit and that China offers no protection for whistleblowers.

At home the Chinese government is committed to fast expansion to reduce air pollution and cut dependence on imported oil and gas. But as with other high-value infrastructure like high speed rail, Beijing is also keen to leverage this technology for commercial advantage abroad.

Given the UK's long track record on nuclear power, and internationally recognised safety standards, a contract to build a Chinese-designed plant in Essex would be a huge endorsement for China, and one which will raise eyebrows in other European capitals and in Washington where the Obama administration would certainly not invite Chinese involvement in a strategic project with sensitive security implications.

But the chancellor has said there is to be "deepening collaboration in nuclear sectors in the UK and China" and all eyes will be on London next month for the signing of these important deals during President Xi Jinping's state visit to Britain

Nuclear technology - China's next great export? - BBC News

 

[Chinese-Dragon]

UK has always been happy to allow Chinese ownership in their vital infrastructure like telecommunications, water and power.

 

[C130]

are Chinese nuclear reactors even indigenous??

pretty sure their reactors are based off of French tech and they gained IP rights for higher rated AP1000
AP1000 - Wikipedia, the free encyclopedia

no doubt China can built nuclear power plants and they are cheap. so it's win-win for everybody

 

[Keel]

are Chinese nuclear reactors even indigenous??

pretty sure their reactors are based off of French tech and they gained IP rights for higher rated AP1000
AP1000 - Wikipedia, the free encyclopedia

no doubt China can built nuclear power plants and they are cheap. so it's win-win for everybody

A four-year-old news

China makes nuclear power breakthrough
July 22, 2011

China said Friday it had hooked its first so-called "fourth generation" nuclear reactor to the grid, a breakthrough that could eventually reduce its reliance on uranium imports

The experimental fast-neutron reactor is the result of more than 20 years of research and could also help minimise radioactive waste from nuclear energy, the state-run China Institute of Atomic Energy (CIAE) said.

China is the ninth country to develop a fast-neutron reactor, which uses uranium 60 times more efficiently than a normal reactor, helping the country to reduce its reliance on imports of the mineral.

Beijing has stepped up investment in nuclear power in an effort to slash its world-leading carbon emissions and scale down the country's heavy reliance on coal, which accounts for 70 percent of its energy needs.

But China's uranium reserves are limited, and it will have to import increasingly large amounts as its civilian nuclear programme gathers speed.

China -- the world's second largest economy -- currently has 14 nuclear reactors and is building more than two dozen others. It aims to get 15 percent of its power from renewable sources by 2020.

According to the World Nuclear Association, it aims to increase nuclear power capacity to 80 gigawatts by 2020 from 10.8 gigawatts in 2010.

The fourth-generation reactor, located just outside Beijing, has a capacity of just 20 megawatts. Other recently launched nuclear reactors in China had a capacity of more than one gigawatt, or 1,000 megawatts.

The latest technological step comes after China succeeded in reprocessing spent nuclear fuel in an experimental reactor in the northwestern province of Gansu in January.

Authorities said this would help extend the lifespan of proven uranium deposits to 3,000 years from the current forecast of 50-70 years.

Beijing has also pledged to improve emergency procedures and construction standards at its nuclear power plants, after Japan's devastating earthquake and ensuing tsunami triggered an atomic crisis.

China makes nuclear power breakthrough

 

[ChineseTiger1986]

are Chinese nuclear reactors even indigenous??

pretty sure their reactors are based off of French tech and they gained IP rights for higher rated AP1000
AP1000 - Wikipedia, the free encyclopedia

no doubt China can built nuclear power plants and they are cheap. so it's win-win for everybody

The AP1000 is third gen, while China's fourth gen is 100% indigenous, since it will be the first in the world.

China to commence building world’s first fourth generation nuclear power plant, and already has plans to export them | China Daily Mail

 

[TaiShang]

UK has always been happy to allow Chinese ownership in their vital infrastructure like telecommunications, water and power.

Shanghai plans stock link with London bourse

This photo taken on October 16, 2014 shows people shows people walking inside the Shanghai Stock Exchange building in Shanghai. (Photo / AFP)

China and the United Kingdom are exploring the launch of a stock trading link between the Shanghai and London stock exchanges, highlighting the strong desire on both sides to strengthen cooperation in the capital markets.

A document issued by the UK government’s finance ministry said that Shanghai and London had agreed to carry out a feasibility study for the connect scheme between the two bourses, Reuters reported on Monday.

The announcement came ahead of a speech by the British Chancellor of the Exchequer George Osborne on Tuesday at the Shanghai Stock Exchange.

Osborne is visiting China to attend the annual China-UK Economic and Financial Dialogue.

Sources close to the Shanghai Stock Exchange said that Osborne personally asked to deliver his speech at the trading hall in the city, an iconic place for China’s capital market, indicating the strong British interest in seeking a partnership with the Shanghai bourse.

The Shanghai Stock Exchange declined to provide any details or a timetable for any launch of the trading link with London.

Analysts said the planned Shanghai-London trading link was a clear message to energize investor sentiment after both the Chinese and world equities markets had been weighted down by rising uncertainties.

“It sent out a message that Beijing is hoping to lift the A-share market through the possibility of expanding market access to more foreign investors,” said Wang Yang, head of A-share business at accounting firm EY.

“London will also be happy to see more investment from China into its stock market,” she added.

Xu Hongcai, director of economic research at the China Center for International Economic Exchanges, said it underscored the countries’ mutual desire to seek greater cooperation in capital markets.

“London is hoping to attract more Chinese companies to list on its stock exchange, while Beijing sees London as a key market to expand the internationalization of the yuan,” he said.

It is very likely the Shanghai-London stock trading link will be operated under trading rules and investment quotas similar to the Shanghai-Hong Kong Stock Connect scheme, which allows overseas investors to trade Shanghai shares in Hong Kong and mainland investors to trade Hong Kong shares in Shanghai.

 

[C130]

A four-year-old news

China makes nuclear power breakthrough
July 22, 2011

China said Friday it had hooked its first so-called "fourth generation" nuclear reactor to the grid, a breakthrough that could eventually reduce its reliance on uranium imports

The experimental fast-neutron reactor is the result of more than 20 years of research and could also help minimise radioactive waste from nuclear energy, the state-run China Institute of Atomic Energy (CIAE) said.

China is the ninth country to develop a fast-neutron reactor, which uses uranium 60 times more efficiently than a normal reactor, helping the country to reduce its reliance on imports of the mineral.

Beijing has stepped up investment in nuclear power in an effort to slash its world-leading carbon emissions and scale down the country's heavy reliance on coal, which accounts for 70 percent of its energy needs.

But China's uranium reserves are limited, and it will have to import increasingly large amounts as its civilian nuclear programme gathers speed.

China -- the world's second largest economy -- currently has 14 nuclear reactors and is building more than two dozen others. It aims to get 15 percent of its power from renewable sources by 2020.

According to the World Nuclear Association, it aims to increase nuclear power capacity to 80 gigawatts by 2020 from 10.8 gigawatts in 2010.

The fourth-generation reactor, located just outside Beijing, has a capacity of just 20 megawatts. Other recently launched nuclear reactors in China had a capacity of more than one gigawatt, or 1,000 megawatts.

The latest technological step comes after China succeeded in reprocessing spent nuclear fuel in an experimental reactor in the northwestern province of Gansu in January.

Authorities said this would help extend the lifespan of proven uranium deposits to 3,000 years from the current forecast of 50-70 years.

Beijing has also pledged to improve emergency procedures and construction standards at its nuclear power plants, after Japan's devastating earthquake and ensuing tsunami triggered an atomic crisis.

China makes nuclear power breakthrough

is that the type of reactor they will be exporting how many are being built??

since the most numerous reactor you are builting are the CPR-1000 which is based off of French nuclear tech

 

[ChineseTiger1986]

is that the type of reactor they will be exporting how many are being built??

since the most numerous reactor you are builting are the CPR-1000 which is based off of French nuclear tech

Because the third gen reactor has already been monopolized by the US and France, while China is going to monopolize the fourth gen reactor.

GCR - News - China set to build world’s first fourth-generation nuclear reactor

 

[C130]

Because the third gen reactor has already been monopolized by the US and France, while China is going to monopolize the fourth gen reactor.

GCR - News - China set to build world’s first fourth-generation nuclear reactor

nice, is China working on thorium reactors.

Liquid fluoride thorium reactor - Wikipedia, the free encyclopedia

 

[21 Dec 2012]

nice, is China working on thorium reactors.

Liquid fluoride thorium reactor - Wikipedia, the free encyclopedia

Yup. The only one in the world
Chinese going for broke on thorium nuclear power, and good luck to them – Telegraph Blogs

 

[hexagonsnow]

Great News！

 

[Stannis Baratheon]

China has made better progress in Nuclear Power than anyone else.

The link gives a short, simple and good idea about this type of reactors. For those who don't want to read much
GCR - News - China set to build world’s first fourth-generation nuclear reactor

 

[Shotgunner51]

View attachment 259250
Britain's Chancellor George Osborne announced greater collaboration with China on the construction of nuclear plants at a news conference with Chinese Vice-Premier Ma Kai

For China, the prize on offer in the UK is not the investment in Hinkley Point or Sizewell B but a controlling stake at Bradwell in Essex. This could be the first Chinese-designed nuclear power plant in the West, a massive breakthrough for China in promoting global exports of its nuclear technology.

So far its customers have been confined to countries like Pakistan, Romania and Argentina with the developed world opting for American, Japanese and French technology.

But the Energy Secretary, Amber Rudd, has said that China will be part of building the next generation of UK nuclear power stations and that having Chinese design up and running in the UK would give other countries confidence on safety.

Safety is a key question.

China launched a nationwide safety inspection into all its existing nuclear facilities in the wake of the Tianjin chemical warehouse disaster last month that killed more than 160 people.

Though none of its existing reactors has experienced any serious accidents, its entire nuclear construction programme was suspended in 2011 following Japan's Fukushima disaster. New approvals started again this year.

China is the world's biggest builder of nuclear power plants. It currently operates 24 reactors with a further 25 under construction. Critics say the industry is expanding too fast given its brief history in China and serious shortage of experienced engineers and operators. They also complain that safety regimes have come second to profit and that China offers no protection for whistleblowers.

At home the Chinese government is committed to fast expansion to reduce air pollution and cut dependence on imported oil and gas. But as with other high-value infrastructure like high speed rail, Beijing is also keen to leverage this technology for commercial advantage abroad.

Given the UK's long track record on nuclear power, and internationally recognised safety standards, a contract to build a Chinese-designed plant in Essex would be a huge endorsement for China, and one which will raise eyebrows in other European capitals and in Washington where the Obama administration would certainly not invite Chinese involvement in a strategic project with sensitive security implications.

But the chancellor has said there is to be "deepening collaboration in nuclear sectors in the UK and China" and all eyes will be on London next month for the signing of these important deals during President Xi Jinping's state visit to Britain

Nuclear technology - China's next great export? - BBC News

Good news.

The main purpose of Osborne’s mission is to persuade China that “no economy in the west is as open to Chinese investment as the UK”, as witnessed by his offer to China to take a big stake in Britain’s nuclear power. He hopes to drum up business for the City of London on his visit to Shanghai on Tuesday but a bigger focus is winning Chinese investment for his northern powerhouse project ahead of a state visit to the UK by President Xi Jinping in October. To illustrate his point about the need for investment outside traditionally powerful cities of China, Osborne will also take his delegation to Chengdu and Urumqi in the west of the country.

George Osborne’s willingness to open up a sector as sensitive as nuclear power to Chinese investment is a sign that political considerations are taking a secondary role to commercial interests. China has the tech, capacity and fund, all are necessities urgently needed.

Britain has become the biggest reciepient of FDI from China, $11.8 billion, was the highest in Europe — more than France and Germany combined — but UK exports to China remain weak at just 3.6% of the total.

 

[volatile]

are Chinese nuclear reactors even indigenous??

pretty sure their reactors are based off of French tech and they gained IP rights for higher rated AP1000
AP1000 - Wikipedia, the free encyclopedia

no doubt China can built nuclear power plants and they are cheap. so it's win-win for everybody

Are American Rocket and Engine Tech American No way .That was German soon after WW2 CIA kidnap as many scientist of Germany as they can .So that pretty much sums up your post .Also atleast chinese did a good job by sharing with all and Sundry unlike US which uses tech to influence poor developing nations.

 

[jammersat]

I doubt chinese nuclear energy technology be french , just because nothing has exploded in china yet doesn't mean they are french they could aswell have bought them from Israel second hand for double the price , just like the chinese aircraft who are all aiming to look like the israeli Kafir plane , or like iran who bought from israel during their Holy defence 8 years war

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and i must emphasize how funny it is that everything has got a 3rd , 4th and a 5th generation today , from cellphone networks to fighter jets to nuclear tech , the only thing that stays the same are submarines , that we should ask 500 , he like hitler has a thing for submarines