All Posts Tagged With: "China Investment Corporation"

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China and its Perplexing Investment Strategy

But let’s start with sovereign wealth fund of China, the China Investment Corporation (CIC). CIC was set up in 2007 with US$200 billion of China’s nearly $2 trillion foreign exchange reserves. It’s been shopping ever since, with mixed results. Last year, for example, CIC stood pat and only invested US$4.8 billion outside China.

September 3rd, 2009 | Dan Denning | 2 comments | Continued
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