Chinese billionaire sees baguette goldmine in French fields | Bangkok Post: news - News Summed Up

Chinese billionaire sees baguette goldmine in French fields | Bangkok Post: news


THIEL-SUR-ACOLIN (FRANCE) - In the peaceful French village of Thiel-sur-Acolin, retired farmer Marc Bernardet is ambivalent about having a Chinese billionaire for a neighbour. His purchases are part of a Chinese buying-spree in recent years stretching from the US to Australia. "It's a piece of French heritage that is being taken, but that's globalisation and that's the trend at the moment," Bernardet told AFP. But President Emmanuel Macron on Thursday vowed to crack down on foreign investors buying up swathes of French land. - 'Huge potential' -And that's just one of several potential French deals for Reward, which since 1995 has built an empire of everything from cleaning products to powdered milk.


Source: Bangkok Post February 25, 2018 04:41 UTC



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