China seeks Canadian uranium to meet future power needs
OTTAWA, (AFX) - July 5
Chinese officials and investors have been scouting for uranium in Canada, a country with the largest deposits in the world, to power new nuclear power plants, Canadian officials told Agence France-Presse.
China is planning to spend billion of dollars to build 40 more nuclear reactors by 2020 to generate electricity and feed its booming economy while reducing its reliance on coal -- currently nuclear power represents only one percent of its energy supply compared to coal at 66 percent.
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