China to support nuclear tech innovation with increased investment: CPPCC member

China will further support the innovation in nuclear science and technology and promote the upgrading and large-scale development of its independent third-generation nuclear power technology by increasing investment in the sector, a Chinese political advisor told a press conference ahead of the annual "two sessions".

The "two sessions" refer to the third session of the 14th National People's Congress and the third session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), which will kick off in Beijing on March 5 and March 4, respectively.

Xin Feng, deputy general manager of China National Nuclear Corporation (CNNC) and a member of the CPPCC National Committee, briefed the media on the advancements in China's nuclear energy industry in Beijing on Sunday.

"The Research and Development investment intensity of China National Nuclear Corporation was 9.8 percent in 2024. Basic research accounts for more than 15 percent. This ensures R and D for basic, strategic, cutting-edge and disruptive technologies. For 2025 and even the '15th Five-Year Plan' (2026-30) starting next year, CNNC has made a series of arrangements to support the development of nuclear science and technology innovation, solidly promote the technological upgrading and large-scale development of independent third-generation nuclear power Hualong One unit, and lay out construction of small modular reactors and high-temperature gas-cooled reactors, and fusion technology research and development. We will ensure the orderly development of all aspects in the industrial system," he said.

The Chinese government has announced plans to support development of the country's nuclear energy sector, to coincide with the industry's 70th anniversary.

China to support nuclear tech innovation with increased investment: CPPCC member

China to support nuclear tech innovation with increased investment: CPPCC member

The U.S. dollar increased in late trading on Thursday.

The dollar index, which measures the greenback against six major peers, gained 0.06 percent to 98.425 at 3 p.m. (2000 GMT).

In late New York trading, the euro decreased to 1.1725 dollars from 1.1745 dollars in the previous session, and the British pound was up to 1.3386 dollars from 1.3378 U.S. dollars in the previous session.

The U.S. dollar bought 155.52 Japanese yen, lower than 155.63 Japanese yen of the previous session. The U.S. dollar declined to 0.7940 Swiss francs from 0.7953 Swiss francs, and it fell to 1.3781 Canadian dollars from 1.3789 Canadian dollars. The U.S. dollar fell to 9.2846 Swedish kronor from 9.2984 Swedish kronor.

U.S. dollar ticks up

U.S. dollar ticks up