What does this mean for renewable energy?

Currently 2% of China’s energy comes from nuclear power. China has a huge need to expand its energy supply. Plans were in place to significantly expand China’s nuclear power capacity. Since Fukushima, China has had a change of heart. China has just announced it would temporarily shelve plans to significantly expand its nuclear power capacity in order to review safety and other options. Why is this great news? It means that renewable technology will advance more quickly than predicted. We believe that with China’s new focus on renewables, they will compete economically with fossil fuels within a few years.
What do you think?