France and China to invest together in overseas projects

France and China to invest together in overseas projectsFrance and China will set up a fund for joint investment in overseas projects, France's foreign minister said on Monday, according to Reuters.

"Hinkley Point is a very good example of what we're going to do together, to win contracts in third markets and in all sectors" Jean-Marc Ayrault told reporters at a joint briefing with China's foreign minister Wang Yi in Beijing. He was referring to a $24-billion Franco-Chinese project to build Britain's first nuclear power plant station in decades.

"It's a model that we support everywhere, including in Africa and Asia," he said.

The new joint fund will be set up soon, he said, without giving further details.

China is keen to establish itself as an exporter of nuclear expertise so successfully building a plant in Britain will open the door to other markets.
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