Nuclear pact opens export doors

Prospects for the US' nuclear power plant industry appears bright as China recently agreed to open its energy market to American manufacturers. The agreement, signed between President Bill Clinton and Prime Minister Jiang Zemin on Oct 29, 1997, would authorize US manufacturers to offer nuclear power equipment on a case-by-case licensing basis. On the other hand, the pact is expected to provide China with enough leverage to maintain its global economic status.