By David Chiu and Paul McLeary, ReutersThe US is the world’s largest exporter of nuclear power and it is the main market for Chinese companies that are developing nuclear power.
China’s nuclear power programme is one of the world-leading nuclear power programmes of the last century.
China has built two nuclear power plants in the last decade and is now expanding its nuclear programme to four, although it has yet to build one of its five nuclear reactors, the worlds largest.
It is the biggest economy in the world and China’s share of global nuclear power capacity has nearly doubled since 2009 to about 28% of the global supply.
It has also built nuclear reactors in the US, Russia and South Korea, but none in the Asian giant’s main export market.
The United States is a key partner for China in its nuclear weapons programme, as it has been its most important market for its most sensitive technologies and equipment, including the highly advanced technology for high-strength magnets that could be used to create a nuclear chain reaction at a site, as well as technology to make the nuclear fuel.US President Donald Trump has been trying to persuade the US to withdraw from the Nuclear Nonproliferation Treaty, a move that would have a dramatic effect on China’s economic prospects, and its economy, with exports to the US being down 10% this year.
The US has repeatedly warned China to maintain its nuclear and missile programmes, including its latest move to build a nuclear missile defence system in Kaliningrad, and has been accused by Beijing of seeking to undermine its economic ties with the US.
In the last two months, Chinese state media have been publishing stories about the United States and its allies in Europe and Asia, accusing them of trying to derail Chinese nuclear and military programs.
The White House said on Tuesday it would send a “strong message” to Beijing.
The Chinese Foreign Ministry said on Wednesday it was not willing to accept US sanctions on China.
China has also made moves to counter criticism of its nuclear programmes, such as building a new reactor at a former US military base in the disputed Senkaku Islands, near Tokyo, and opening up a Chinese navy port in the Gulf of Tonkin.
China is also taking steps to diversify its economy and improve its infrastructure.
It has been working with the International Monetary Fund to promote a low-carbon economy that reduces the global dependence on fossil fuels, including coal, oil and gas.
China’s government has also been investing heavily in renewable energy, including nuclear power, as the country has been the world leader in nuclear power generation.
The country’s state-owned power company has a net worth of $9.5 trillion and has about $3 trillion in foreign currency reserves, with about $5 trillion invested abroad.
Its economy is growing at about 6% annually.
The BBC’s James Cook in Beijing says the new US sanctions will likely increase tensions between Beijing and Washington.
The sanctions will further isolate the United Nations and the European Union, our correspondent says.
The US also announced new sanctions on Wednesday against several Chinese entities, including a state-run investment company and a state oil company, as part of its crackdown on China over its trade practices.
The International Monetary Force said it would impose additional financial and economic sanctions on Beijing and on other countries, as China has not been able to maintain financial ties with any of its partners.
China and the US have been locked in an escalating dispute over the South China Sea, a contested region of the Pacific that includes Taiwan and Vietnam.
China said on Thursday it was suspending plans for a large-scale drill in the contested waters.