What price Hinkley C if the USA pulls out of a big deal with China:
“A [billions of dollars] high-speed railway project that was seen as a landmark deal in China’s export of advanced technology to the United States has fallen apart over performance and American regulatory issues.”
China wanted the rolling stock to be manufactured in China ( one wonders how things got so far before this crucial point was introduced) and a Chinese spokesperson said:
“It will be more effective if China just exports its equipment to other nations,” said Zhao Jian, a professor at Beijing Jiaotong University. “But China should avoid giving out massive loans and gaining operating rights for such projects. Many nations consider railway operation as a sovereignty issue, and it’s not easy for China to get involved.
“Such projects are costly, and not many nations have a sufficient population to generate profits. The demand is not enough to ensure long-term viability.”
Does this apply to Hinkley C, Owl wonders?
East Devon Watch 