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China to Export Nuclear Reactors, Proliferation Remains a Concern

China to Export Nuclear Reactors, Proliferation Remains a Concern

On Dec. 30, 2015, China General Nuclear Power Group (CGN) and China National Nuclear Corporation (CNNC) agreed to create a joint enterprise aiming to export Chinese nuclear reactors abroad. CNNC and CGN, both predominantly state-owned companies, are going to create a new business that will facilitate exports of nuclear reactors overseas. The company capitalized at approx. $77 million will work with the Hualong One nuclear reactor design, allegedly fully developed by China without outside help.

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