China has unveiled its newest nuclear plant, which will produce up to 400,000 tonnes of radioactive waste a year, a sign that the world’s largest economy is poised to face a crippling economic slowdown and its second-biggest economy, Japan, to face the brunt of the fallout.
The project, at the Dongfeng nuclear power plant in eastern China’s Zhejiang province, is one of three in the country’s far north aimed at providing cheap electricity for a rapidly expanding middle class.
China’s state-owned nuclear industry has been rocked by the Fukushima nuclear disaster in Japan, which prompted its government to announce plans to shut down most of its reactors and phase out its reliance on imported coal.
But in a surprise move, the country announced on Monday it would instead import coal, the cheapest fuel in the world.
Beijing said the plant, the largest of its kind in the region, would reduce reliance on imports by 20 percent, but analysts said it would be costly and that the government would have to spend more to build and operate it.
“The Chinese economy is already in a recession, and China is facing the worst recession since the end of World War II,” said Peter Pomerantz, head of energy research at the University of Chicago.
“The new reactor is going to be expensive, it’s going to cost a lot of money and it’s not going to cut it.
The government is going into a huge hole.”
The Dongfens will be one of two nuclear power plants China has opened since last year, the other being a 1.3 gigawatt plant in Zheqing in the north of the country.
China’s three other nuclear plants have also faced criticism over safety.
One of them, a 1,400 megawatt project in the northeast, has been plagued by safety problems, including radiation leaks and meltdowns.
China shut down the facility in December and suspended construction at the Zhequan project, which has a capacity of 400 megawatts.
The other two, which together provide about a fifth of China’s total energy needs, are located near the northern city of Chongqing and in the southwestern province of Sichuan.
China has been gradually opening up the countrys energy landscape, investing billions of dollars in wind, solar and hydropower, which are cheap and reliable sources of energy.
But it has been slow to invest in the industry.
China is also under pressure to boost domestic energy production and boost consumption, as it has done in recent years.
For China, the Dongfeens project represents a massive investment in the energy sector.
It will provide a massive boost to China’s energy infrastructure.
Dongfen is the fourth largest power plant, and will cost around $4.3 billion to build, according to the state-run Xinhua news agency.
Experts said the project’s cost is likely partly driven by the government’s desire to save on electricity bills.
But they said it is also likely to cause further damage to the economy.
Last week, the World Bank, the US and the European Union said they were pushing for Beijing to reduce its reliance heavily on imported fuel, including coal.
Beijing is expected to announce on Monday that it would buy coal from a third country for at least $4 billion, Xinhua reported.
As China’s economy slows, its economy has already been hit hard by a severe economic slowdown that has wiped out the value of the yuan and has forced many to seek foreign currency.
That has forced the government to rely heavily on imports, especially from Japan, for its daily needs.
Japanese Prime Minister Shinzo Abe announced in February that Japan would stop buying coal from China and instead buy fuel from Russia, which imports 80 percent of its coal.
The decision prompted a furious response from China, which responded with a flurry of trade sanctions against the US.
Chinese authorities have also launched an aggressive crackdown on foreign media, including online, that have been critical of the government.
They have taken steps to crack down on social media, and some internet firms have been forced to suspend some services and suspend their users.