The cash is to develop two “molten salt” reactors in the Gobi Desert in northern China.
Researchers hope that if they can solve a number of technical problems the reactors will lead to a range of applications, including nuclear-powered warships and drones.
The technology, in theory, can create more heat and power than existing forms of nuclear reactors that use uranium, while producing only one thousandth of the radioactive waste.
It also has the advantage for China of using thorium as its main fuel. China has some of the world’s largest reserves of the metal.link.