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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 180

China Business Intelligence No. 180

Samsung Economic Research Institute Beijing Office

Nov. 11, 2010

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China's nuclear power industry has grown at a fast clip thanks to the government's low-carbon policy. Nuclear power is free from green house gas emissions, so it helps China meet the demands for green house gas reductions. At the 2009 United Nations Climate Change Conference, commonly known as the Copenhagen Summit, China pledged to cut CO2 emissions by 40~50% per unit of GDP by 2020 from 2005 levels. In the next 10 years, China's construction of nuclear power plants is expected to lead the advancement of the world's nuclear industry. Under the "Mid- and Long-term Plan for the Development of Nuclear Power Plants," China plans to raise the facility capacity of nuclear power plants to 70 million kW by 2020. China plans to first import advanced technologies and jointly design nuclear power plants so as to ultimately develop its own technology.

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