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Economy

China aims to become world's top nuclear power producer by 2030

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China is rapidly building nuclear reactors, such as this one under construction at the Taishan Nuclear Power Plant in Taishan, Guangdong Province.   © Reuters

BEIJING -- Chinese President Xi Jinping's government is poised to greatly expand the country's nuclear power generation, with plans to build six to eight new reactors a year over the next five years.

     Under its 13th five-year national development plan, which starts in 2016, China will invest 500 billion yuan ($78.7 billion) to introduce domestically developed reactors. The new five-year plan is to be formally adopted at next spring's annual session of the National People's Congress, China's parliament.

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