logo
China to nearly double nuclear power capacity by 2040 in rapid build-up

China to nearly double nuclear power capacity by 2040 in rapid build-up

China will nearly double its nuclear power capacity by 2040, making it by far the world's largest nuclear power generator, according to a new report by the China Nuclear Energy Association (CNEA).
Advertisement
The country is set to build dozens of new reactors to raise its installed capacity to 200 gigawatts – more than double the US' current capacity – by the end of the next decade, the Chinese industry body said in the paper released on Monday.
Beijing has embarked on one of the fastest buildouts of nuclear power facilities in history over recent years, as it strives to decarbonise the Chinese economy while also avoiding excessive dependence on weather-dependent green energy sources such as solar and wind.
Roughly half of the 61 nuclear reactors currently under construction worldwide are located in China, according to a Goldman Sachs report published last week.
China had 102 reactors either in use or under construction with a combined capacity of 113GW as of the end of 2024, which are clustered in the country's economically prosperous coastal provinces, the CNEA report said.
Advertisement
The United States had 94 operational reactors with a total installed capacity of nearly 97GW as of 2024, according to US Energy Information Administration data.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China pushes SCO Development Bank as Russia pivots to Asia: analysts
China pushes SCO Development Bank as Russia pivots to Asia: analysts

South China Morning Post

time2 hours ago

  • South China Morning Post

China pushes SCO Development Bank as Russia pivots to Asia: analysts

As the United States scales back foreign aid and increases financial sanctions through long-arm jurisdiction, analysts said Beijing is strengthening its influence in international development finance and regional economic cooperation. Driven by rising geopolitical tensions and Russia's strategic pivot to the East, they said the Shanghai Cooperation Organisation (SCO) Development Bank, which has been stalled for over a decade, was now closer than ever to becoming a reality. Momentum is building ahead of an autumn summit in Tianjin, a northern port city 100 kilometres east of Beijing, where SCO leaders – including those from Russia and five Central Asian nations – are set to convene. In early June, China's Vice-Premier Ding Xuexiang highlighted the bank proposal, along with related initiatives for local currency settlement and digital finance, during a meeting with SCO finance ministers and central bank chiefs in Beijing. First proposed by China in 2010 to promote regional trade and the use of local currencies, the bank has frequently surfaced in high-level discussions – but progress has remained elusive.

China and Central Asian leaders cap summit with friendship pact and aid pledge
China and Central Asian leaders cap summit with friendship pact and aid pledge

South China Morning Post

time3 hours ago

  • South China Morning Post

China and Central Asian leaders cap summit with friendship pact and aid pledge

China wrapped up its latest engagement effort in Central Asia on Tuesday with a 1.5 billion (US$209 million) yuan pledge towards livelihood and development projects in the region. Advertisement The six participating countries in the second China-Central Asia Summit also signed a landmark permanent friendship pact. 'China is willing to provide 1.5 billion yuan in grant assistance to Central Asian countries this year to support livelihood and development projects of common concern to each country,' Chinese President Xi Jinping said in his keynote address to the summit in Kazakhstan's capital Astana. 'Additionally, China will offer 3,000 training opportunities to Central Asian nations over the next two years.' Xi hailed the signing of the Treaty of Permanent Good-Neighbourliness and Friendly Cooperation as a milestone in relations among the six nations, saying it represented 'an innovative endeavour in China's neighbourhood diplomacy – a contribution for our time that benefits generations to come'. Advertisement China has similar treaties with Russia and Pakistan.

DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1
DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1

South China Morning Post

time3 hours ago

  • South China Morning Post

DeepSeek rival MiniMax says its first AI reasoning model halves compute of R1

Shanghai-based artificial intelligence (AI) start-up MiniMax has launched an open-source reasoning model that it said requires just half the computing resources of rival DeepSeek 's models for some tasks. Advertisement On Tuesday, the company announced the release of MiniMax-M1, its first reasoning model, on its official WeChat account. M1 consumes less than half the computing power of DeepSeek-R1 for reasoning tasks with a generation length of 64,000 tokens or fewer, according to a technical paper released alongside the product. 'Compared with DeepSeek … this substantial reduction in computational cost makes M1 significantly more efficient during both inference and large-scale [model] training,' MiniMax researchers wrote in the report. The new model comes as Chinese tech giants and start-ups race to develop advanced reasoning models – designed to 'think' through a problem before responding – in a bid to catch up with DeepSeek, whose affordable R1 model drew global attention earlier this year. MiniMax referenced DeepSeek 24 times in its technical paper, underscoring the company's ambition to challenge its Hangzhou-based rival, which has become the darling of China's AI industry. MiniMax cited third-party benchmarks showing that M1 matches the performance of leading global models from Google Microsoft -backed OpenAI and -backed Anthropic in maths, coding and domain knowledge. Advertisement M1 is built on the 456-billion-parameter MiniMax-Text-01 foundational model and employs a hybrid mixture-of-experts architecture – an approach to designing AI models to reduce compute, which is also used by DeepSeek. M1 also uses Lightning Attention, a technique that speeds up training, reduces memory usage and enables the model to handle longer texts.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store