Tuesday, April 04, 2017

Junk Corp Westinghouse: Chinese Wants To Buy Them.

This is a smart move by the Chinese. It's undermining the stature of the USA and Japan.

With all this deregulation, the USA should buy Westinghouse. Then build twenty plants at a time and super standardized them. We need to build them four times bigger than the big guys we have now.
Trump Officials Alarmed Chinese May Bid for Westinghouse Unit
The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co.’s nuclear business that U.S. officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said.
Cabinet members including Energy Secretary Rick Perry and Treasury Secretary Steven Mnuchin have discussed preventing Westinghouse’s purchase by a Chinese-linked company, three U.S. officials said.
For years, Chinese entities have been interested in the nuclear reactor builder, and the company has been a repeated target of Chinese espionage. Westinghouse filed for Chapter 11 bankruptcy protection on March 29 and its parent company Toshiba Corp. is seeking a buyer for its money-losing reactor business.
Trump administration officials and members of Congress are concerned the bankruptcy filing could allow a bid from an investment group with hidden Chinese backing, one of the officials said. All of the officials requested anonymity because of the sensitivity of the matter…

No comments: