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China to invest in UK nuclear

George Osborne has announced that the Government is to give the go ahead to Chinese firms taking a stake in the development of the next generation of British nuclear power.

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China deal 'will open opportunities for UK companies'

The chairman of the Nuclear Industry Association, Lord Hutton, has welcomed the agreement between Britain and China to cooperate on nuclear power:

This is further evidence that the UK nuclear market remains an attractive place for overseas investment.

Closer cooperation with [the] world’s fastest growing nuclear nation presents substantial opportunities for UK companies with expertise, skills and long experience in nuclear technology.

Hinkley Point C is a major national infrastructure project that will create tens of thousands of jobs in UK, give a substantial boost to UK construction and manufacturing industries, make major contribution to UK energy security and assist in meeting national carbon reduction targets.

– Lord Hutton, chairman, Nuclear Industry Association

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