China hopes Europe will take steps to protect China’s investments there, President Hu Jintao told French President Nicolas Sarkozy during the French President’s five-hour stop-over in Beijing. However, he nonetheless voiced confidence in the euro and vowed to keep investing. Sarkozy sought China’s support for his agenda at the G20 summit in November in Cannes. “China will continue making Europe one of its principal investment markets, and we hope that Europe will take measures to ensure the security of Chinese investments there,” Hu Jintao said. About a quarter of China’s record foreign currency reserves of more than USD3 trillion are in euro assets. Sarkozy has said China’s backing is essential for France’s G20 goals, which include a roadmap for tackling economic imbalances and measures to reduce market speculation and commodity price volatility.