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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

China’s rescue plan for the West

Posted on 30 January 2012

As the holder of the world’s largest foreign-exchange reserves - more than $3 trillion - China is in an enviable position to ride out the current economic downturn. It is also poised to play a major role in the recovery of the global economy, thanks to a wave of new investments, especially in the West.
Whereas China’s focus for the last decade was on securing natural resources, its focus has now shifted to infrastructure. This was signaled late last year by the chairman of the China Investment Corporation (CIC) Lou Jiwei when he announced that China was keen to form partnerships to develop Western infrastructure, beginning with Britain………………………………………..Full Article: Source


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