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International

Place to discuss every international news/issue.

Murari , interested in socio-economic issues. Aug, 09 2016

China's relationship with UK 'at risk' over Hinkley Point delay


China has warned Britain that the relationship between the two countries is at a "critical juncture" and will be at risk unless it goes ahead with the Hinkley Point nuclear power station. Theresa May, the Prime Minister, delayed a final decision on plans for Britain's first new nuclear power station for a decade last month amid concerns about Chinese investment.
China has warned Britain that the relationship between the two countries is at a "critical juncture" and will be at risk unless it goes ahead with the Hinkley Point nuclear power station. Theresa May, the Prime Minister, delayed a final decision on plans for Britain's first new nuclear power station for a decade last month amid concerns about Chinese investment.

Suhani Singh , Inquisitive snobbish arrogant. I am Golum and Aug, 09 2016


Hinkley C is a bad deal for two reasons: a. Choice of reactor design. The reactor design at Hinkley is the most expensive in the world. It is twice the price (per unit power) of reactors South Korean KEPCO are building in UAE. b Finance model. Elsewhere, in USA, in times of higher inflation, public infrastructure projects, backed by government, borrowed at rates as low as 5%. Current world interest rates are even below that. UK government negotiators agreed a deal when EdF told them they would have to pay interest at up to 10%. That was nonsense. The deal was incompetently negotiated. With prudent financing and a less expensive reactor design, it should be possible to build a new nuclear power plant at Hinkley with no electricity price subsidy. The only inexpensive alternative to Hinkley C we can build now is gas-fired electricity. Two other, far less expensive nuclear power alternatives will be available within the next 1½ years, after they pass regulatory approval: Hitachis ABWR, and Westinghouse AP1000.
Hinkley C is a bad deal for two reasons: a. Choice of reactor design. The reactor design at Hinkley is the most expensive in the world. It is twice the price (per unit power) of reactors South Korean KEPCO are building in UAE. b Finance model. Elsewhere, in USA, in times of higher inflation, publi


Nisha , United we stand Aug, 09 2016


The glaring fact that China is openly warning the UK about Hinkley Point is a taste of what the Chinese are capable of and how it sees its relationship with the UK. It can and will be as arrogantly threatening with the UK as it has been in the South China Sea. The Chinese are squeezing the UKs testicles at a time when the UK is clearly vulnerable. If the UK had any doubts about involving the Chinese in Hinkley, this should put an end to them. Entering into a trade relationship is fine, but getting into an abusive bro-mance will be disastrous. Surely, you lot cant be silly enough to win back your sovereignty with Brexit and hand it to China.
The glaring fact that China is openly warning the UK about Hinkley Point is a taste of what the Chinese are capable of and how it sees its relationship with the UK. It can and will be as arrogantly threatening with the UK as it has been in the South China Sea. The Chinese are squeezing the UKs testi


Munish , Aug, 09 2016


The international community must also be concerned about the clamping down on any kind of press freedom and independent journalism. Also at the kidnapping and terrorising of booksellers from Hong Kong. It is tragic how the Chinese government is terrorising, intimidating and threatening its own people. These kind of signals cannot but raise concerns at what kind of China the world will see in future, but first and foremost Britain should be building infrastructure projects which will utilise British manufacturing, expertise and technology.Should the British government choose to further risk (after Hwa Wei) its own security and that of the British people instead of protecting Britains security and supporting British industry it would be a gross and contemptible betrayal of its people and their safety and security and wellbeing. China would not betray its security so why should it expect other countries to betray their security and people. Perhaps if China did not terrorise its own people and its neighbours round the South China Sea the world would be more trusting and welcoming of it. Lately Chinas behaviour, actions and intimidation, including of its own people have only created fear and distrust.
The international community must also be concerned about the clamping down on any kind of press freedom and independent journalism. Also at the kidnapping and terrorising of booksellers from Hong Kong. It is tragic how the Chinese government is terrorising, intimidating and threatening its own peopl


Alice , Aug, 09 2016


Britain would be unwise at the very least to permit the foreign construction by almost any country in the world of nuclear plants in the United Kingdom. This is only prudent and sensible. The international community can only have concerns about Chinas growing militarization in places like the South China Sea as well as its arresting and imprisoning of human rights lawyers who are only trying to work within the rule of law. This included a 24-year-old young Legal Assistant who is still disappeared. also at the recent anniversary parade to commemorate the end of the Pacific War it is unfortunate that China did not make it a celebration of peace and its wartime alliance with countries and friends like USA, Britain, Canada,the Philippines, India and Australia rather than make it a threatening display of might which can only have intimidated its neighbours as well as the international community.
Britain would be unwise at the very least to permit the foreign construction by almost any country in the world of nuclear plants in the United Kingdom. This is only prudent and sensible. The international community can only have concerns about Chinas growing militarization in places like the South


Sanjay , Aug, 09 2016


The post Brexit opportunities are there. Question is whether the Brits are brave enough to take them. 1. China hires the Brits to push RMB as international reserve currency. Budget of 100 Trillion in RMB to be loaned out to central banks around the globe. Picks up the economy worldwide and pushes China exports. Service export income doubles for GB in 5 years. 2. Britain ends the arms embargo against China, and sells 60% of Rolls Royce to China, in exchange for sole supplier status for all engines to civil airliners, and contracted terms to increase British employment of RR by 100% in 5 years. All told, tech goods exports to China increase 10 fold. 3. Britain participates in Chinas new 50 universities in 50 towns project (placing new schools in rural Chinese townships to take advantage of new rail access and much lower real estate prices). First amongst them a super computing applications program. China already boasts many super computers on the TOP500 (No. 1 and No. 2 are both Chinese). But applications and use of the massive computing power for research still lag. Meld the research minds of the Brits with the braun of the first exascale computer in the world.
The post Brexit opportunities are there. Question is whether the Brits are brave enough to take them. 1. China hires the Brits to push RMB as international reserve currency. Budget of 100 Trillion in RMB to be loaned out to central banks around the globe. Picks up the economy worldwide and pushes


Stella , Aug, 09 2016


How about investing the Hinkley money in other, far less expensive reactors like the Westinghouse AP1000. Or, if you want to invest in longer term, more speculative things, you could invest in advanced reactors or small modular reactors. Finally, hypothetical discussion of large scale storage aside, why is the Economist unable to recognize renewables fundamental intermittency limitation. They are simply unable to provide most, let alone all, the power. If they are indeed somewhat cheaper on a raw per kW-hr basis, thats less important than you think it is. The fact is that intermittent kW-hrs are worth less. I will cede one thing. The French nuclear industrys extreme, out of control costs and their recent record of failure building reactors is making the job of a nuclear advocate very difficult, if not impossible. They are giving the industry a bad name.
How about investing the Hinkley money in other, far less expensive reactors like the Westinghouse AP1000. Or, if you want to invest in longer term, more speculative things, you could invest in advanced reactors or small modular reactors. Finally, hypothetical discussion of large scale storage asi