The nuclear option
Article Abstract:
Nuclear energy is a significant component in China's energy plans because of the support given by Premier Li Peng. Despite international cutbacksin nuclear power generation due to growing doubts regarding its economic viability, China pushes on with nuclear energy development. Problems regarding radioactive wastes and decommissioning of decrepit plants have been put aside so that coal-powered energy can be complemented with nuclear power. Chinese energy officials justify this policy by pointing out the unreliability of coal supplies for existing coal-fired power plants.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Foreign favorites
Article Abstract:
China's efforts to generate more power to meet increased demand has opened up billions of dollars worth of business for Asea Brown Boveri Inc, Framatome S.A., Mitsubishi Heavy Industries Ltd, GECAlsthom and others. The entry of foreign companies in China's power developmentprojects is welcomed by officials since the large Chinese companies are alreadyoperating at maximum levels. Aside from covering for the shortfalls of local companies, foreign companies can also improve the technological expertise of the Chinese.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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China's oil shock
Article Abstract:
China's plan to triple the prices of crude oil from Jan 1993 will seriously affect the viability of unprofitable state-subsidized industries. The price hike is necessary to make Chinese oil prices compatible with international prices, but it is imperative to streamline the weak commodity price structure as well. Though cutting state subsidies threatens the existence of subsidized enterprises, increasing the debt levels may help overcome this problem.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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