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Britain To Allow Chinese Majority Stakes In Nuclear Projects

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AFP/Yahoo 17/10/13

'Britain will allow Chinese companies to take majority stakes in nuclear power projects in the country, finance minister George Osborne said on Thursday.

Osborne made the announcement during a visit to the Taishan atomic power station in southern China, the British government said in a release, at the end of a trip which saw a memorandum signed on civil nuclear cooperation between the two countries.

"Today is another demonstration of the next big step in the relationship between Britain and China -- the world's oldest civil nuclear power and the world's fastest growing civil nuclear power," Osborne said in the release.

The document said initial Chinese stakes in nuclear power stations in Britain were likely to be minority shares, but added: "Over time stakes in subsequent new power stations could be majority stakes."'

On any level,Osborne and Cameron are deranged.Out of the frying pan.......things must be looking bad.

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How many Chinese power stations does the west own via shares etc?

Personally I don't trust that Cameron F**ker one little bit. Next he will be selling the roads, because that is all that's left.

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I've always thought that the end-game for the situation of the huge US debt that the Chinese own would be default specifically on Chinese owned debt. The US reduces it's debt burden and maintains payments to US pension funds etc, the Chinese go swivel.

Similarly if push comes to shove then a Nuclear power plant in the UK can't be relocated, we could just say "That's our power plant now, China go swivel" and suddenly their investment is worth nothing.

Sure there would be long term consequences to these actions, but I'm not sure it's the UK being stupid in allowing this investment. Perhaps it is China, in making it?

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I think a specific problem with foreign countries holding large amounts of paper, is that they decide to liquidate them like we saw with India recently.

It doesn't take a genius to work out what happens if china decides to sell all it's bonds suddenly then buy whatever US assets it can with the money. I will give you a clue, the amount of money floating around the US would expand massively.

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UK democractic state ownership of anything (health care, schools, rail, power) = BAD

Chinese Communist single party state ownership of critical UK infrastructure = GOOD

Red Dave

Red Boris

Red Gidiot

Bullingdon Club starting to look like an Oxford Uni communist sleeper cell

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UK democractic state ownership of anything (health care, schools, rail, power) = BAD

Chinese Communist single party state ownership of critical UK infrastructure = GOOD

Red Dave

Red Boris

Red Gidiot

Bullingdon Club starting to look like an Oxford Uni communist sleeper cell

surely the UK would have to become a democracy before the democratic state could own anything?

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How many Chinese power stations does the west own via shares etc?

Personally I don't trust that Cameron F**ker one little bit. Next he will be selling the roads, because that is all that's left.

they will be selling off the Post Office next....

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UK democractic state ownership of anything (health care, schools, rail, power) = BAD

Chinese Communist single party state ownership of critical UK infrastructure = GOOD

Red Dave

Red Boris

Red Gidiot

Bullingdon Club starting to look like an Oxford Uni communist sleeper cell

Worse it is a coalition of the French state via EDF and the Chinese state

Anyway how long will our new overlords want to waste their money employing our useless political class

They could easily win a bit of support from the natives by simply rounding up all 650 MPs and shooting the lot

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All that Chinese electricity, will match the German gas, and French water we all use! :blink:

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AFP/Yahoo 17/10/13

'Britain will allow Chinese companies to take majority stakes in nuclear power projects in the country, finance minister George Osborne said on Thursday.

Osborne made the announcement during a visit to the Taishan atomic power station in southern China, the British government said in a release, at the end of a trip which saw a memorandum signed on civil nuclear cooperation between the two countries.

"Today is another demonstration of the next big step in the relationship between Britain and China -- the world's oldest civil nuclear power and the world's fastest growing civil nuclear power," Osborne said in the release.

The document said initial Chinese stakes in nuclear power stations in Britain were likely to be minority shares, but added: "Over time stakes in subsequent new power stations could be majority stakes."'

On any level,Osborne and Cameron are deranged.Out of the frying pan.......things must be looking bad.

oh dear.

don't they listen to the radio?????

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=video&cd=1&cad=rja&ved=0CDgQtwIwAA&url=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DPSh6SQd8UrI&ei=8jBgUv7SCK2P4gT9woDwDw&usg=AFQjCNGvv6lPzCXfDjXPlTNje63_msZXpg&bvm=bv.54934254,d.bGE

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AFP/Yahoo 17/10/13

'Britain will allow Chinese companies to take majority stakes in nuclear power projects in the country, finance minister George Osborne said on Thursday.

Osborne made the announcement during a visit to the Taishan atomic power station in southern China, the British government said in a release, at the end of a trip which saw a memorandum signed on civil nuclear cooperation between the two countries.

"Today is another demonstration of the next big step in the relationship between Britain and China -- the world's oldest civil nuclear power and the world's fastest growing civil nuclear power," Osborne said in the release.

The document said initial Chinese stakes in nuclear power stations in Britain were likely to be minority shares, but added: "Over time stakes in subsequent new power stations could be majority stakes."'

On any level,Osborne and Cameron are deranged.Out of the frying pan.......things must be looking bad.

Nitwits. We should be developing Thorium powered Nuclear power not Uranium - Thorium can be used instead and does not produce radioactivity. Only need very small plants to produce he same power therefore - no need for massive concrete rings etc.

Edited by plummet expert

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UK democractic state ownership of anything (health care, schools, rail, power) = BAD

Chinese Communist single party state ownership of critical UK infrastructure = GOOD

Red Dave

Red Boris

Red Gidiot

Bullingdon Club starting to look like an Oxford Uni communist sleeper cell

Yes, my thoughts exactly. Many of these Chinese firms are apparently just fronts for the Chinese Communist Party/Government.

Nationalisation is considered evil and nasty, even by Labour, but....

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Similarly if push comes to shove then a Nuclear power plant in the UK can't be relocated, we could just say "That's our power plant now, China go swivel" and suddenly their investment is worth nothing.

Unless they put some coding in some chips that allows a boy with an iphone app in Shanghai to generate a meltdown in a UK reactor?

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This whole thing is embarrassing.

BNFL (UK government owned) sold Westinghouse Electric in 2005.

What's left of the various consortia which designed and built the existing UK nuclear power stations are now part of amec -- a decent UK engineering company.

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UK democractic state ownership of anything (health care, schools, rail, power) = BAD

Chinese Communist single party state ownership of critical UK infrastructure = GOOD

Red Dave

Red Boris

Red Gidiot

Bullingdon Club starting to look like an Oxford Uni communist sleeper cell

I think bulldozing Oxford and Cambridge would do wonders for the UK, they are clearly producing utter crap.

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I remember when it was a national scandal that the Cambridge Four leaked our (and America's it should be said) nuclear secrets to the Russkis. So long ago....and not.

I believe the US has a block on Chinese firms buying US companies and tech firms like Huawei are barred as security risks.

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Similarly if push comes to shove then a Nuclear power plant in the UK can't be relocated, we could just say "That's our power plant now, China go swivel" and suddenly their investment is worth nothing.

That's a good way to get half the Chinese Navy parked in the Bristol Channell.

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They haven't thought this through have they. Mind you I wouldn't allow the French either.

Far better for British govt. to invest the money directly by selling gilts to China, which we can then default on.

It seems the Bullingdon Communist Party have been instructed to hand over British assets as the quid pro quo for the City of London being allowed to run the Yuan debt markets.

They're selling our futures to HSBC, Standard Chartered et al.

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How many Chinese power stations does the west own via shares etc?

Personally I don't trust that Cameron F**ker one little bit. Next he will be selling the roads, because that is all that's left.

Not quire...there is still all that 'wealth' built up in houses. House equity taxes are inevitable.

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Things could backfire badly on Chinese economic imperial expansion, with their purchased stuff in the West (and Africa) being seized from them at gunpoint by the angry local populations in the next 15 to 30 years.

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The policy must be ok - the LibDems haven't moderated it.

If we have the LibDems moderating our nuclear policy we'll be cooked under a fallout blanket in a fortnight..

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