Thats correct… Thorium does not produce plutonium as a byproduct which is why it received serious research. You mention the Chinese… The Kalpakkam 500 megawatt plant in India is due on line by the end of this year… It will be the first advanced breeder reactor in the world. The US missed out big with thorium. Interestingly one of the waste byproducts of coal slurry is thorium and its extraction isn’t that difficult. It is suspected that India is 10 years ahead of china in the fast breeder technology.
Of course our nuclear regulatory BS is worse than the FDA process for a new drug. It takes ten years to build a plant and 25 years to get approval.
NuScale Power spent $500 million and 2 million labor hours over eight years to ask the federal government for permission to build an advanced nuclear reactor. The energy company had to file a 12,000-page application to build an advanced nuclear reactor.
NuScale had to pay NRC officials $258 per hour to review the lengthy application.