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November 11, 2004
Japan leery of China's nuclear energy plans
Japan knows about nuclear power - from Hiroshima and Nagasaki and from its own nuclear accidents. And it's worried that China's voracious appetite for energy, its poor record of industrial safety and its plan to build more nuclear reactors could mean major accidents affecting North Asia.

Japan, which stands to gain financially from China's desperate need for energy to fuel its high-powered economy, increasingly is worried that Beijing's pledge to rely on nuclear power is potentially dangerous, posing serious safety issues for China and Japan. Japan has had its own safety problems with nuclear power and doesn't want more business at the cost of human life.

More than half of China's economy is driven by manufacturing, 54% according to a report by the Far Eastern Economic Review. Economists such as Andy Xie at JPMorganChase affirmed that more than one-third of Chinese consumption is already responsible for Japan's pulsating yearly growth and its economic recovery.
Asia Times

Posted by Robert Mayer at November 11, 2004 04:25 AM | TrackBack
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