A Chinese company has agreed to pay a penalty of $3 million after pleading guilty to the charges of illegally exporting high-performance coating to Pakistan's Chashma nuclear power plant, US federal authorities said. Headquartered in Nanjing, the Chinese firm Huaxing agreed to the maximum criminal fine of $2 million, $1 million of which will be stayed pending its successful completion of five years of corporate probation. Huaxing was building Chashma II Nuclear Power Plant in Pakistan as part of a nuclear cooperation pact between China and Pakistan. Chashma II is owned by the Pakistan Atomic Energy Commission, which is an...