Opening a highly sensitive part of its energy market to investment from China, the British government said Thursday that it would allow Chinese firms to buy stakes in nuclear power plants in Britain and that they could eventually acquire majority holdings.
George Osborne, chancellor of the Exchequer, made the announcement while visiting a nuclear energy station in southern China. The agreement with China comes with caveats but could open the way for its fast-growing nuclear sector to play a significant role in Britain’s frustrated plans to expand the use of nuclear power.
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Stephen Castle and Chris Buckley, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/6VLbbt1P35Y/
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