- Although much of the focus of China's industrial espionage is on a phishing attack against Alcoa, one of the five accused Chinese military officers allegedly stole technical and design specifications on pipes for nuclear plants from Westinghouse at the same time the company was negotiating to build four power plants in China.
- China sees nuclear power as a way to reduce pollution in a country where nearly 80% of power is generated by burning coal, and it has the largest pipeline of new nuclear power plants in the world; China has been buying stakes in African mines, its two largest nuclear companies are preparing for IPOs, and governments are eyeing Chinese help for their own nuclear projects.
- All this could be imperiled if the U.S. imposes sanctions against China as retribution, given that the Chinese officers are unlikely to stand trial.
- ETFs: URA, NLR, NUCL.
China's industrial espionage brings nuclear fallout
From other sites
at CNBC.com (Jul 27, 2011)
at CNBC.com (Mar 29, 2011)
at CNBC.com (Mar 16, 2011)
at CNBC.com (Feb 1, 2011)
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