Nuclear power company reaching overseas

Overall demand for import purchases and overseas localized procurement by China National Nuclear Corp is expected to top $12 billion in the next five years, the company said during a news conference on Wednesday during the ongoing China International Import Expo in Shanghai.

Major areas for seeking contracts include nuclear power and fuel - including bulk raw materials, machinery and engineering - it said at a news conference about the requirements for doing business internationally.

The State-owned company will actively promote overseas projects using Hualong One technology, a domestically developed third-generation reactor design, said Yu Jianfeng, its chairman.