shine trader limited reports:
Nuclear power was once one of the highlights of China UK economic and trade cooperation, but related projects may face variables. The British government is close to reaching an agreement that may make China abandon its participation in the new nuclear power plant project on the Suffolk coast in the southeast of the UK, the guardian said on the 25th. If the news is true, it means that the British government will undermine the nuclear power construction agreement previously signed with China Guangdong Nuclear Power Group.
In September 2016, CGN, EDF and the British government signed a package agreement on new nuclear power projects in the UK, including three major projects: Hinkley point C, saizweil C and bradwell B. However, the guardian said that the British government tried to get CGN to withdraw from saizweil C, with a total value of about 20 billion pounds, and instead inject British taxpayer tax as an investment replacement. At present, CGN holds 20% of the shares of saizweil C project. Reuters quoted a British government spokesman as saying on the 26th, “the negotiations are ongoing and no final decision has been made.”
According to the analysis of the guardian, the shift of the British government is closely related to the United States, and Washington has always hoped that London will remove China from Britain’s nuclear power plan. In August 2019, the United States announced that it would include CGN in the “entity list” on the pretext of “worrying about national security”. Former US Secretary of state pompeio urged Britain to choose a position in the fight to develop nuclear technology last year.
Earlier, in response to the relevant issues of “the UK is discussing the removal of CGN from future projects”, a spokesman for the Chinese Foreign Ministry said that China and the UK are important trade and investment partners to each other, and it is in the interests of both sides to carry out practical cooperation based on the principles of mutual benefit and win-win cooperation. The British side should earnestly provide an open, fair and non discriminatory business environment for Chinese enterprises.
Reprint indicated source：Shine Trader Limited Live information