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Nuclear plants too expensive? China shows low-cost construction possible - could offer a pathway to break the 'cost curse'
China's approach could offer a pathway to break the 'cost curse'
The team compiled and analyzed new data to show how China has reduced nuclear construction costs over time though a mixture of standardized designs, strategic indigenization of supply chains, and coordinated industrial policy. "Substituting expensive imports with domestically produced components substantially lowered costs," says Gang He, assistant professor at the Marxe School of Public and International Affairs at CUNY's Baruch College. The authors call on researchers, policymakers, and industry leaders to avoid repeating past mistakes, such as abandoning standardized designs or rushing to localize complex systems, before domestic capabilities are ready.
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