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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: shades who wrote (23956)2/19/2005 8:47:45 PM
From: RealMuLan  Read Replies (1) of 116555
 
I don't think China's decision to build less nuclear power plants is due to their running out of money. China has said many times that it anticipates that there will be an oversupply of power in China several years from now. And several cheaper big power plants have also been stopped, so why throw in huge amount of money for nuclear reactors that China cannot even build themselves? Especially considering the current available nuclear reactor technology is pretty out of date, and the newer technology is still under research and testing. China will definitely build more and cheaper nuclear power plants when it has its own and more advanced technology.
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