China can build a Western-designed nuclear reactor in 46 months, or less than 4 years. That's quite a feat considering that it takes France almost 6 years to build one. And, it costs the Chinese 40 percent less, around $4 billion, compared to almost $7 billion for France. How do the Chinese accomplish such a task when France, a country with lots of experience, takes longer and spends more? First, there is minimal red tape, so plants are approved quickly. Second, financing of capital is available through state ownership of the industry. Third, low-cost labor is available with experience in the construction of major infrastructure projects.[0]
