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Keyword: cnnc

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  • US's $5 billion nuclear gamble with China

    03/11/2005 3:27:56 AM PST · by sukhoi-30mki · 17 replies · 780+ views
    AsiaTimes ^ | 11/03/05 | Kaushik Kapisthalam
    US's $5 billion nuclear gamble with China By Kaushik Kapisthalam On the surface, it's the biggest deal in the history of the Export-Import Bank of the United States - US$5 billion to finance the building of Chinese nuclear power plants by US firms in the energy-starved economic giant. But there's much more to it than big business: closer scrutiny and interviews with experts reveal a weak, inconsistent and ultimately dangerous US policy with regard to China and its past (some say present) weapons proliferation, as well as China's own efforts to acquire nuclear reactors and other Western high technology that...
  • U.S. to Fund Chinese Agency Aiding Iranian and Pakistani Nukes

    03/02/2005 3:03:57 PM PST · by Bald Eagle777 · 9 replies · 509+ views
    Human Events ^ | March 2, 2005 | Timothy P. Carney
    There is an arm of the Chinese government that has repeatedly aided the nuclear weapons programs of Pakistan and Iran. Now that arm is in line for a $5-billion loan deal from the U.S. government--for the benefit of two major U.S. corporations. The Export-Import Bank of the United States (Ex-Im), an independent federal agency that finances exports, has granted a preliminary commitment for the largest deal in it is history: $5 billion in loans and loan guarantees to the China National Nuclear Corporation (CNNC) to build nuclear power plants. According to U.S. government reports, CNNC has been tied to at...