Chinese companies try to survive in the nuclear market

Chinese companies try to survive in the nuclear market

Overview

  • Release Date: May 09, 2017

Mr. Li Wenjiang, the General Manager of the Industry & Facility Services of the Bureau Veritas, stated in the nuclear exhibition this April in Beijing “The Chinese nuclear market is very pessimistic. Many orders are pushed to the sidelines. Therefore, Chinese corporates have no other choice than to export their products and services. This is the only way for them to survive in their domestic market”.

Except for the technical and commercial limitations, Chinese companies shall also evaluate and investigate the market from the following points when considering going out:

Firstly, political factors—The company shall check if the two countries have listed the nuclear development as the key field in the future bilateral trade.

Secondly, nuclear technology consideration—The company shall investigate how much the target overseas country has accepted China’s independent nuclear technology.

Thirdly, economic efficiency— for example, China meets some challenges in the Argentina projects because it neglects the economic efficiency in that country.

 

About Author

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.