China’s State Council approved 10 new nuclear reactors over the weekend

China’s State Council approved 10 new nuclear reactors, marking the fourth year in a row with at least 10 approvals.

• China currently has 30 nuclear reactors under construction, accounting for nearly half of all projects worldwide.

• China is expected to surpass the U.S. as the largest atomic energy producer by the end of the decade.

• The newly approved reactors are estimated to cost a combined 200 billion yuan (US$27 billion)

China’s State Council is the highest administrative body in China — basically the country’s main central government.
It’s sometimes called the “Central People’s Government” and is led by the Premier (currently Li Qiang as of 2025), who is like the prime minister.

The State Council is responsible for:

• Implementing laws and policies passed by the Chinese Communist Party (CCP) and the National People’s Congress (NPC)

• Managing the day-to-day operations of government ministries (like finance, commerce, energy, etc.)

• Setting economic and development policies

• Overseeing national projects — like approving infrastructure, nuclear plants, transportation networks, and more

Its China’s version of a cabinet or executive branch, but more powerful because it controls almost all government operations.

This article was written by Eamonn Sheridan at www.forexlive.com.