Chinese investment ‘a key to our recovery’

CHINESE investment in Irish infrastructure such as an upgrade to Ringaskiddy Port could be a key to our economic recovery, the chief of Bord Gáis John Mullins said yesterday.

A faculty of Asian studies or Chinese studies could also be created “as a way of planting an acorn for Docklands development, to get one project going”, he told a breakfast briefing of the Construction Industry Federation (CIF) in Cork.

Ireland needed investment from overseas as the finance just is not in this country at present, he said, outlining possible overseas investors for a 30% share in the ESB and other state assets which are to be offered for sale.