One of the major reasons for the Chinese success in the export markets in Asia and Africa have been the massive vendor financing done by state owned Chinese banks.Large orders have been won by Chinese companies like Dongfang Electric and Huawei as Chinese Banks financed the multi billion Indian orders by cheap loans.Note in large project finance cases cheap loans can make a huge difference in project returns and can be the clincher in choosing the equipment supplier.The US Exim Bank too seems to be pulling up its socks in helping American companies win large equipment orders through vendor financing.Note the US Exim Bank had got involved in a huge controversy when it agreed to finance a utlra mega power plant based on coal energy by Reliance Power in India.Despite protests by environmentalists,Exim Bank had gone ahead in financing as it would lead to jobs in America.Note USA is one of the biggest laggards in climate change and the government does not really care much out there.

The French President Sarkozy has become the first international leader to visit Japan after the Fukushima Dai-ichi Nuclear Disaster which has simmered for more than 3 weeks.Japan and France do not have a strategic relationship like USA and Japan does nor do these countries have shown great friendship in the past.So it surprising why Sarkozy has gone to Japan on such a short notice to pledge all French help to the Japanese in the wake of the radioactivity leaking from the reactors in northern Japan.Note France has been the leader in the Libyan no fly zone as well calling for Western intervention in a mostly domestic civil war.France has not got too much involved in other civil wars raging in the Middle East.It has been selective over it choice for jumping up and down over human rights.The glaring Western and French silence over the Saudi invasion of Bahrain and violent suppression of its citizens by the Middle Eastern dictators tells of a hypocrisy.

China which has the most ambitious growth planned for nuclear energy is already rethinking its target 3 weeks after the Fukushima plant in Japan started spewing out radioactivity.Note there has been a strong global backlash against nuclear energy around the world and 7 nuclear plants in Germany have been closed all but in name.Other countries like South Korea,Italy,Switzerland are rethinking of what do about their nulcear reactors giving the massive tail risks with nuclear generation.Already 2 earlier nuclear disasters in Chernobyl and Three Mile Island had massively damaged the surrounding ecosystem poisoning humans and animals alike with radiation.Japan too may see its land areas near the reactors be quarantined for many years as TEPCO has failed to control the nuclear plant and government will probably pour concrete.

Obama’s outlined a New Energy Policy as he periodically does without any far reaching national goals on to reduce America’s dependence on billions of barrels of imported oil which cause global warming,finance terrorist and prop up brutal regimes in the Middle East.However his periodic bursts of rhetoric on the US Energy Policy is nothing but a lot of empty gas without any specifics.Earlier he used to stress on nuclear energy which has been thrown out of the window with the Fukushima nuclear disaster.His plans of supporting the nuclear energy industry with $36 billion in DOE loans seems a bad if not a gruesome joke.Similarly last year his plans of allowing offshore drilling for Oil also fell flat after the massive BP Oil Spill ecological disaster.

The Reactor 1 of the failed Fukushima Daichi plant might be recritical as Radioactive Chlorine has been detected suggesting chain reactions continued after the reactor shut down.This is quite alarming and has made Japan thing about pouring concrete into its crippled Fukushima atomic plant IEAE warned that a potential uncontrolled chain reaction could cause further radiation leaks.The risk to workers might be greater than previously thought because melted fuel in the No. 1 reactor building may be causing isolated, uncontrolled nuclear chain reactions.Dumping concrete on the plant would serve a second purpose: it would trap contaminated water, said Tony Roulstone, an atomic engineer who directs the University of Cambridge’s masters program in nuclear energy.

The radioactive fallout from the Fukushima Nuclear Disaster is not only keeping Japan on high alert but also its neighbours.China has said that it has detected trace radiation levels from the spreading radiation in its provincial regions bordering Japan.Note most of the Chinese economic centres are situation near the eastern coast near Japan.Its 2 main cities of Guangdong and Shanghai have also detected trace levels of radioactive elements like iodine and caesium.Note China has turned back vessels and people from Japan in the last week because of high radiation levels.