China to take stakes in UK nuclear plants.

Guardian: “The announcement that Chinese companies can take a stake in British nuclear plants was hardly a surprise: George Osborne had already told reporters that the UK welcomed Chinese investment in all its infrastructure – citing the sovereign wealth fund CIC’s existing investment in Thames Water and Heathrow.” China has massively increased investment in Europe in recent years.
….Involvement in critical infrastructure – and particularly the nuclear sector – is a more delicate issue. Jonathan Fenby, director of the China team at research service Trusted Sources, said: “The question is whether people in Britain will say, ‘Our electricity is being sold to the Chinese and if something happens and we say something we shouldn’t, they will turn off the lights.’ I think that’s pretty unlikely, but nuclear brings a level of sensitivity.”
But on the Chinese side, the same concerns – diversifying holdings, gaining technical knowledge and turning a profit – apply. The UK is expected to guarantee a generous price for nuclear-generated electricity to ensure more plants are built.
….China already has 17 nuclear reactors and another 28 plants under way at home, although construction has been held up by a moratorium that was imposed after the Fukushima crisis.”
….The nuclear announcement came on the same day that anti-corruption watchdog Transparency International gave Chinese companies the worst ratings in a survey of the openness of firms in Brics economies. Eight of the 10 worst-performing companies – including Huawei – were Chinese, scoring zero on a scale where 10 indicated the greatest transparency.”