Nuclear Power Development May Be Too Fast
Nuclear power development in China is likely to exceed the planned capacity if the current growth pace continues, according to Xu Yuming, deputy director of China Nuclear Industry Association. China's commissioned nuclear power is set at 58 gigawatts and 30 gigawatts under construction by 2020, according to a nuclear power development plan published in October 2012. Experts said this 88-gigawatt capacity is a 300 billion yuan market for domestic nuclear power equipment manufacturers in the next 10 years.
China Pushes EU for Solar Deals
China is pushing hard for limited restrictions on its solar panel exports to the EU, complicating talks aimed at avoiding hefty tariffs on Chinese firms, Reuters reported, citing a document from the European Commission. The document said that China hopes that in all solar agreements to expire by the end of 2014 wafers should be excluded from tariffs and that any cap on Chinese exports should be removed. The document described the requests as "difficult to implement". Negotiations are under way to find a solution.
Market for Children Products Booms
Revenue from children's wear is expected to grow 25-30% annually in China between 2012 and 2015 as the nation's population of those aged under 14 nears 300 million, according to a report released by the National Bureau of Statistics. The Chinese market of baby clothing and daily necessities will be worth 228 billion yuan in 2015, according to US consultancy Frost & Sullivan.
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