China expert lays out trillion yuan nuclear path for belt and road plan
- Senior industry official Wang Shoujun predicts up to 30 reactors could be built over next decade
- Calls for more financial and policy support for sector to optimise export trade
As many as 30 nuclear reactors could be built by China over the next decade as part of the Belt and Road Initiative, a senior industry official told a meeting of the country’s top political advisory body this week.
Wang Shoujun, a standing committee member of the China People’s Political Consultative Conference, told delegates on Wednesday that China needed to take full advantage of the opportunities provided by the belt and road plan and give more financial and policy support to its nuclear sector.
“‘Going out’ with nuclear power has already become a state strategy, and nuclear exports will help optimise our export trade and free up domestic high-end manufacturing capacity,” he said, according to a report on the CPPCC’s official website.
Wang said China needed to improve research and development, localise the production of key nuclear components, and grow both the domestic and foreign nuclear markets to give full play to the country’s “comprehensive advantages” in costs and technology.
Wang, also the former chairman of the state-owned China National Nuclear Corp, said nuclear projects under the belt and road plan could earn Chinese firms as much as 1 trillion yuan (US$145.52 billion) by 2030, according to more details of his speech published by BJX.com.cn, a Chinese power industry news portal.