Nuclear power has great growth potential in China, as the world's second-largest economy remains hungry for more energy to fuel its economic development.
Nuclear power plants provide 15 percent of the world's electricity, but the proportion stands as low as 1.9 percent in China, Wang Binghua, president of the State Nuclear Power Technology Corp., said Thursday at a meeting in the eastern city of Hangzhou.
China has slowed its pace in developing new nuclear plants and conducted safety checks at existing plants following Japan's nuclear crisis in March.
Wang said his company will continue to adopt rigorous safety standards and advanced nuclear technologies to ensure the safety of its reactors.
Wang said the AP1000, developed by U.S.-based Westinghouse Electric Co., is the safest third generation nuclear technology. China has officially adopted the technology as a standard for inland nuclear projects, and has already built four AP1000 nuclear generators.
Chinese designers are also working on an updated version of the AP1000 technology, the CAP1400 system, he added.
Coal is currently the primary energy source for around 80 percent of China's power generation.
China wants at least 15 percent of its energy to come from renewable resources by 2020.
Meet Zara: the Spanish company at the forefront of Fast Fashion, where speed and disposability are the new black. Launched in 1975, Zara now has almost 2000 stores in 77 countries. Its parent company, Inditex, turned over billion last year, helping reclusive founder Amancio Ortega -- a railway worker's son -- become the 7th richest man in the world. Zara's HQ is a futuristic building known as "The Cube" in La Coruña, northwestern Spain. From there, staff churn out 30000 designs a year, near carbon copies of fashion's big names. Lightning-fast, locally-targeted designs are Zara's specialty: when Madonna played three weeks of European concerts in 2001, teenage girls went to her later shows wearing knock-offs of the outfit from her first performance. Zara's 'vertically integrated' business model limits outsourcing, making most of its catwalk copies in-house and ensuring better quality control. When it does use cheap labour, it mostly uses poorer European countries over the developing world. Garments hit shop floors within three weeks of design -- blitzing the industry average of six months. Fashion used to be sold in four seasons. Zara wants you to buy for one-hundred-and-four. New clothes arrive in every store twice a week -- days known by fans as "Z Days" -- and fuel the need to turn over your wardrobe. The brand's global distribution centre, also in Spain, moves 2.5 million items per week. Nothing remains warehoused longer than 72 hours. Clothes are ironed in advance ...Video Rating: 4 / 5
Jack Ma, chairman and CEO of Alibaba Group, said he is very interested in buying all ofYahoo Inc. [File photo] Jack Ma, chairman and CEO of China's Alibaba Group, has said he is "very interested" in buying all of struggling Yahoo Inc. Alibaba spokesperson John Spelich confirmed that Ma made the remarks during his keynote speech at Stanford University in response to a question from a member of the audience. "Alibaba is very important to Yahoo, so is Yahoo to Alibaba," said Ma during a Q&A session. When he was asked which part of Yahoo he was interesting in, Ma responded, "the whole piece of Yahoo", Reuters reported. After Yahoo fired its CEO Carol Bartz, several U.S. media outlets singled out Ma as the outstanding candidate to succeed Bartz. Yahoo has reportedly also received inquiries from Microsoft, News Corporation and private equity firm Silver Lake Europe LLP. Alibaba faces a number of obstacles if it proceeds with its planned purchase of Yaho...
Shanghai, the world's busiest container port, will consolidate its title this year and leverage its record throughput to become a multi-faceted provider of port services. Containers lie at the Waigaoqiao port in Shanghai yesterday when the city witnessed 30 million TEUs cross its ports. [Shanghai Daily] The city, which overtook Singapore as the world's biggest container handler last year, saw its annual container traffic volume surpass 30 million 20-foot equivalent units (TEU) yesterday. The figure hits an unprecedented level in the world's port history and marks a new leg in Shanghai's voyage to become a global shipping center by 2020. China's remarkable trade boom is reflected in the Shanghai port numbers, which went from 7,951 TEUs in 1978 to 29.05 million TEUs in 2010. The city's customs oversaw a total of US$790 billion worth of imports and exports in the first three quarters of this year - a 19.3 percent year-on-year increase. And its port handled 23.9 mil...
CHINA'S traffic surplus fell by 6.4 percent in 2010 from a year earlier after supervision efforts to enlarge imports as well as revoke faith upon exports. The General Administration of Customs pronounced a surplus had been cut to US$183.1 billion. The proportion of surplus to total traffic worth declined to 6.2 percent in 2010 from 2009's 8.9 percent as well as 2008's 11.6 percent. Trade worth finished during US$2.97 trillion in 2010, a surge of 34.7 percent from a year earlier. Exports increasing 31.3 percent to US$1.58 trillion, whilst imports jumped to US$1.39 trillion, up 38.7 percent year-on-year. "While a lot of uncertainties still exist in a external world, China is correct to accelerate a gait of a economic restructuring as well as rely less upon exports," pronounced Xue Jun, an researcher during CITIC Securities Co. Both exports as well as imports shot to a jot down high final month. Exports in Dec increasing 17.9 percent upon an annual basis to US$154.1 ...
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