China's Nuclear Expansion

China has significantly expanded its nuclear power capabilities over the past decade, adding 37 reactors according to the International Atomic Energy Agency. This contrasts sharply with the United States, where the construction of new reactors has slowed considerably, with only a few added recently. China's aggressive nuclear development is facilitated by state-owned enterprises that benefit from low financing rates and government backing, allowing them to construct reactors at a remarkable pace. This approach provides a stark comparison to the challenges faced in the U.S., where complex regulations and high costs hinder new developments.