China aims to boost its nuclear technology sector

China is set to enhance its nuclear technology industry, focusing on advancements and expansion within the sector. The country's initiative aims to bolster the development of nuclear energy and related technologies, ensuring a leadership position in the global market. This strategic push reflects China's commitment to increasing its nuclear capabilities and fostering innovation in energy production.

China aims to boost its nuclear technology sector
On Wednesday, China announced the formation of an alliance aimed at advancing the nuclear technology industry, bringing together key stakeholders from the industrial chain and nuclear energy corporations.

This initiative follows the recent launch of a three-year plan by China's Atomic Energy Authority, which targets an annual economic output of 400 billion yuan (approximately $56 billion) for the nuclear technology application industry by 2026.

"By coordinating the whole nuclear technology industrial chain, the alliance will set up a platform for cooperation and exchanges and will make the industrial chain safer and the supply chain more resilient," stated Du Jin, chief scientist of China National Nuclear Corporation.

Members of the alliance express their commitment to collaboration.

"We will be a leading unit on the alliance's security-check committee. We will coordinate with enterprises and institutions in the field to jointly promote the integration of innovation, industry, capital and talents," remarked Li Chengfu, president of Tongfang Co., Ltd.

"We will continue to make efforts in the field of nuclear medicine and equipment and radiation technology, to increase investment in research and development, and to develop more upgraded products and technologies to benefit people," said Zhang Junqi, general manager of China Isotope and Radiation Corporation.

Authorities aim to enhance industrial chains that facilitate cooperation and various projects, particularly focusing on innovative fields, resource sharing, and industrial empowerment.

Nuclear technology plays a critical role in nearly one-third of the global manufacturing sector, with over 150 countries and regions engaging in its research, development, and application.

In addition to providing fuels and energy, nuclear technology has numerous applications in everyday life, including medical diagnostics and treatments, agricultural breeding, food processing, material modification, and security inspections.

Alejandro Jose Martinez for TROIB News