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October 18, 2018

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Output value of civil nuclear tech soars

The annual output value of China鈥檚 civil nuclear technology application has exceeded 300 billion yuan (US$43 billion).

Nuclear technology has been used in such areas as industry, agriculture, medical treatment and environment protection, according to an ongoing international conference on the application of nuclear technology.

More than 400 organizations are directly involved in the research and development of civil nuclear technology.

鈥淭he annual output value of the application of nuclear technology accounts for about 0.4 percent of China鈥檚 GDP, and there is still huge potential for development,鈥 said Yu Jianfeng with the China Nuclear Energy Association.

In less than 20 years, the value of nuclear technology application could expand to 1 trillion yuan, said Wang Naiyan with the Chinese Academy of Sciences.

鈥淢ost of the companies involved in the sector are medium- and small-sized ones,鈥 Wang said. 鈥淢ore private companies should be encouraged to enter the sector, and additional favorable policies should be issued.鈥


 

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