Reuters reports France and China will set up a fund for joint investment in overseas projects, France’s foreign minister said on Monday, as China’s voracious appetite for overseas acquisitions continues to grow despite some recent stumbles in overseas markets. “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 is not clear exactly when the fund will be set up. Westerners have pointed out that restrictions on foreign companies in Chinese industries, are often far greater than what Chinese firms face abroad.
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