DANGEROUS DEAL: China’s newest plan ‘verging on insane’

THE Chinese government is set to announce a major stake in a UK nuclear power plant, in a game-changing move that has prompted warnings from security experts.

Chinese President Xi Jinping is set to announce a deal on Wednesday with UK Prime Minister David Cameron that will allow China a 33 per cent stake in a $52 billion project to build the UK’s first nuclear power station in decades at Hinkley Point in Southwest England.

The deal will be between French company EDF And two Chinese companies, China General Nuclear Corporation and China National Nuclear Corporation and is expected to power five million homes.

However it also allows for the possibility a Chinese designed reactor could be built at another site owned by EDF northeast of London in a move that has sparked fears about the degree of control it could give the communist nation over Britain’s nuclear future.