CHINA LEADS THE WAY WITH NEW NUCLEAR PROJECTS

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According to Bloomberg, China has more nuclear reactors under construction than any other country, having approved a dozen in each of the past two years. The nation is on track to become the world’s largest producer of nuclear energy by 2030, overtaking France and the United States. Moreover, it was the first country to connect a small modular nuclear reactor to its grid in the Shandong province.

The EAST fusion-research tokamak at the Chinese Academy of Science’s Institute of Plasma Physics (ASIPP) in Hefei, China.

China has approved five new nuclear power projects, adding 11 reactors with an estimated investment of 220 billion yuan ($30.79 billion), marking a new record in the country’s atomic energy expansion. The decision was taken at an executive meeting of the State Council, presided over by Premier Li Qiang on Monday, the state-run Xinhua news agency said. State-controlled Chinese business news outlet Jiemian said the reactors will be constructed across the provinces of Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi.

Jiemian estimates are based on the average cost of 20 billion yuan ($2.8 billion) per reactor. Typically, China completes such projects within five years of approval. Six of the reactors will be managed by subsidiaries of the state-owned China General Nuclear Power Group (CGN), with several expected to be third-generation Hualong One reactors.

The China National Nuclear Corporation (CNNC) will build three more reactors, while the State Power Investment Corporation (SPIC) will oversee the construction of two others. Both CNNC and SPIC are also publicly owned. Notably, the Xuwei project in Jiangsu, operated by CNNC, will include a fourth-generation gas-cooled reactor designed to supply both heat and electricity, featuring enhanced safety measures.

China connected its first commercial onshore small modular nuclear reactor to its power grid, making it the first country in the world to draw power from such a machine, a report from Bloomberg reveals. China Huaneng Group Co.‘s 200-megawatt unit 1 reactor at Shidao Bay is connected to the grid in the Shandong province.

As part of its energy security and emissions reduction strategy, China is heavily investing in nuclear power alongside renewable sources like wind and solar. Beijing aims to double nuclear energy’s share of the national energy mix from 5 percent to 10 percent by 2035. Dutton is correct in including it in Australia’s energy mix.

HOW FAR OFF IS ROBOTAXI?

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Elon Musk recently tweeted that Tesla’s robotaxi will launch on 08/08/2024. This video is from 2022. China is so far ahead of Tesla and Musk in robotaxis and EVs. China is rapidly crushing US E.V. companies. The video below reveals China’s Baidu is already operating robotaxis in Wuhan.

China’s electric vehicle companies have grown rapidly in recent years, becoming major competitors for U.S. automakers like Tesla. 

William Li, the CEO of NIO, said competition in the EV industry is “much fiercer” in China, the world’s largest market for EVs and for automobiles overall.

The fierce competition has spurred rapid development of the industry. According to Hong Kong-based Counterpoint Research, about one-quarter of passenger cars sold in China last year were all-electric or plug-in hybrid vehicles, compared with about 7% in the U.S.

“China is way ahead of the U.S. in terms of EV adoption,” said Soumen Mandal, a senior analyst for Counterpoint, based in Kolkata, India.

Faced with pressure at home, China’s EV makers are pursuing expansion abroad, especially in emerging markets. Last year, China’s exports of EVs increased 131.8% year on year to around 680,000 units, official data showed. Thanks in part to the surge in EV sales, China overtook Japan as the world’s top auto exporter in the first quarter of this year.

China’s growing EV shipments to Europe have vastly increased its share of the European market. Chinese manufacturers’ share of the Western European new EV passenger car market stood at 9.3 percent in the fourth quarter of 2023, an astonishing rise from 2019, when China’s share in the total European EV market only reached 0.5 percent. 

Chinese industry leader BYD — a Shenzhen-based company whose name stands for “Build Your Dreams,” which is backed by U.S. investor Warren Buffett — now rivals Tesla as the world’s biggest seller of electric vehicles, including hybrids.

The Seagull, a subcompact hatchback BYD unveiled at the Shanghai auto show, is the cheapest EV in the world, at about $11,000, compared with $25,000 for a Toyota bZ4X and $40,000 for Tesla’s top-selling Model Y.

This article demonstrates how fast China is overtaking the U.S.A. in becoming the world’s leading superpower. Moreover, considering Taiwan’s dominance of the semi-conductor chip market and China’s dependence on microchips it is likely 2024 will see its takeover move on Taiwan. In October 2022, Biden dropped the hammer on China’s semiconductor industry by fully implementing a slew of tough controls on the export of American chip technology to China. This was a painful blow to Xi’s ambitions to rival the U.S. and only increased his need to take over Taiwan.

End times prophecies of wars and rumors of wars are playing out across the world and a possible China and Russia alliance is possible. Jesus said not to be alarmed when you see these things happening they are only the birth pangs.

No matter what wars and rumors of war are going on around us, our mission is the same, and it just so happens that the mission is what Jesus says is a reliable predictor of the end times.

“And this gospel of the kingdom will be proclaimed throughout the whole world as a testimony to all nations, and then the end will come” Matthew 24:14