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China May Approve Nuclear Projects on Revised Safety Rules

China, the world’s biggest energy user, may resume approving new nuclear projects after the cabinet endorses draft safety rules prepared by the Ministry of Environmental Protection and a bunch of nuclear power equipment makers are set to benefit from such a move.

“Technically, all conditions would be met after the State Council approves this new safety regulation,” Zhao Chengkun, vice president of the China Nuclear Energy Association, said yesterday by telephone from Beijing. “I think it’s good news for China’s nuclear industry.”