Reported 9 months ago
A report by the Washington-based think tank Information Technology and Innovation Foundation (ITIF) states that China is leading the United States by 15 years in high-tech nuclear energy development due to extensive support in technology and financing by the Beijing government. With an average construction time of about 7 years for the 27 nuclear reactors currently being built in China, the report emphasizes China's rapid modernization of nuclear power plants and the advantages Chinese enterprises are gaining for future progressive innovation in the field. While the US possesses the world's largest nuclear power plant fleet, recent delays and cost overruns in building new reactors highlight the disparity in progress between the two countries. China's state-owned banks offering low interest rates and sustained government support contribute to their dominance in renewable energy and electric vehicles sectors as well.
Source: YAHOO