They’re not really the market for China. The west accounts for only 20% of world’s population. BRICS has already surpassed G7 in terms of global GDP. China will be building infrastructure for most of the world going forward.
This is a weird point to make and a bit disingenious.
On the one hand, G7 officially includes the whole of the EU, with the EU having a full seat at the table, and your source does not include it.
On the other hand, it very lowkey mentions that it’s on PPP, and BRICS includes a bunch of countries with very low purchasing power.
Finally, comparing BRICS to the G7 is weird, since there are a bunch of big economies in the world who are openly and thoroughly allied with G7 countries, like Australia.
I mean it’s clear that BRICS is a major player in geopolitics, but claiming “BRICS has surpassed G7, it’s now the world leader” is just false.
BTW here are the last published raw annual GDP figures from G7 and BRICS countries, in trillion USD, as of 2022 from the OECD:
I mean it would be disingenuous not to use PPP since that would be completely meaningless. I’m also not sure what’s weird with comparing BRICS with G7, or what Australia has to do with any of that. Perhaps you’re not aware that China is a huge trading partner for Australia?
BRICS has absolutely passed G7 by every meaningful measure. It’s where majority of manufacturing and commodity production happens while much of G7 GDP comes from ephemeral things like the service industry.
That’s the issue I’m taking about. US won’t let China build it’s infrastructure. Neither will may other countries due to the diplomatic issues that come with it. Since the design is controlled by the government, that seems like it would make licencing it to interested parties outside of China more difficult. No one wants strings attached, and using thorium reactors as a diplomatic weapon isn’t good for the adoption of the technology.
Neither will may other countries due to the diplomatic issues that come with it.
The diplomatic issues that come with cooperating with China are pretty much only due to retaliation by the USA and the like. Without that retaliation, it’s not like it’s causing diplomatic issues with other nations (especially those other nations who are already cooperating with China). Which relates to “US won’t let China build it’s infrastructure”; they have no right to disallow them building infrastructure, and the only way they can prevent that is through strongarming and use of force, economic or physical. Telling other countries that they also can’t trade with country X because country X is working with China is just economic bullying.
US has absolutely no say regarding where China builds infrastructure. China is currently the major trading partner for vast majority of countries in the world, and US isn’t even a close second. And it’s pretty clearly that lots of countries actually do want Chinese technology as evidenced by the fact that China is building infrastructure across the globe.
Yes, but it might be difficult to get companies to invest if it’s seen as a transitional solution till energy storage gets up to par
It’s a good thing this is decided by the government and not by the companies in China. The nuclear industry is state owned. https://en.wikipedia.org/wiki/China_General_Nuclear_Power_Group
That could be bad for export, idk if they’d want to be buying from state owned
who’s they?
Western companies who’d want to use nuclear
They’re not really the market for China. The west accounts for only 20% of world’s population. BRICS has already surpassed G7 in terms of global GDP. China will be building infrastructure for most of the world going forward.
This is a weird point to make and a bit disingenious.
On the one hand, G7 officially includes the whole of the EU, with the EU having a full seat at the table, and your source does not include it.
On the other hand, it very lowkey mentions that it’s on PPP, and BRICS includes a bunch of countries with very low purchasing power.
Finally, comparing BRICS to the G7 is weird, since there are a bunch of big economies in the world who are openly and thoroughly allied with G7 countries, like Australia.
I mean it’s clear that BRICS is a major player in geopolitics, but claiming “BRICS has surpassed G7, it’s now the world leader” is just false.
BTW here are the last published raw annual GDP figures from G7 and BRICS countries, in trillion USD, as of 2022 from the OECD:
US: 25.5 EU: 24.3 JP: 5.8 UK: 3.8 CA: 2.1 G7: 61.5 CH: 30.1 IN: 9.0 RU: 4.4 BR: 3.2 SA: 1.0 BRICS: 47.7I mean it would be disingenuous not to use PPP since that would be completely meaningless. I’m also not sure what’s weird with comparing BRICS with G7, or what Australia has to do with any of that. Perhaps you’re not aware that China is a huge trading partner for Australia?
BRICS has absolutely passed G7 by every meaningful measure. It’s where majority of manufacturing and commodity production happens while much of G7 GDP comes from ephemeral things like the service industry.
That’s the issue I’m taking about. US won’t let China build it’s infrastructure. Neither will may other countries due to the diplomatic issues that come with it. Since the design is controlled by the government, that seems like it would make licencing it to interested parties outside of China more difficult. No one wants strings attached, and using thorium reactors as a diplomatic weapon isn’t good for the adoption of the technology.
The diplomatic issues that come with cooperating with China are pretty much only due to retaliation by the USA and the like. Without that retaliation, it’s not like it’s causing diplomatic issues with other nations (especially those other nations who are already cooperating with China). Which relates to “US won’t let China build it’s infrastructure”; they have no right to disallow them building infrastructure, and the only way they can prevent that is through strongarming and use of force, economic or physical. Telling other countries that they also can’t trade with country X because country X is working with China is just economic bullying.
US has absolutely no say regarding where China builds infrastructure. China is currently the major trading partner for vast majority of countries in the world, and US isn’t even a close second. And it’s pretty clearly that lots of countries actually do want Chinese technology as evidenced by the fact that China is building infrastructure across the globe.
Yeah I’m not disagreeing. I just think that the technology would be more widely accepted and implemented if it didn’t come with strings attached