China approves nuclear merger in Belt & Road push

Beijing is pushing forward with its SOE reforms by combining two state-owned nuclear power producers to improve efficiency and enhance competitiveness in the global market.

CNNC completed the third phase of Pakistan's Chashma nuclear project in 2016.

Danny Leung

February 01, 2018

China’s State Council approved the long-awaited merger between two state-owned nuclear powerhouses on Wednesday, underscoring Beijing’s ambitions to overhaul bloated state-owned enterprises (SOE) for better efficiency and more sustainable growth.

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