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Economy

UK to support Chinese-funded nuclear plant

LONDON -- The British government will guarantee funds for a nuclear power project backed partly by companies from China, paving the way for the Asian nation to build other plants here.

     The government will guarantee 2 billion pounds ($3.1 billion) in loans for the project at Hinkley Point in the U.K.'s southwest, expected to cost 24.5 billion pounds, Chancellor of the Exchequer George Osborne announced Monday on his visit to China.

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