China and Ireland launch bilateral fund

Each side putting in $50 million to lure more cash to the tech sector

China and Ireland have jointly invested in a $100 million fund to facilitate bilateral investment in the technology sector, as capital from Beijing continues to play a constructive role in Dublin's economic rebound.

The fund, which was launched with $50 million injections each from the China Investment Corp and Ireland's National Pension Reserve Fund, expects to attract up to $250 million, said Brendan Howlin, Irish minister of the department of public expenditure and reform.