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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Europe must fix itself before Chinese aid: CIC

Posted on 03 October 2012

Chinese investors will not buy into bonds issued by debt-ridden euro zone countries until their fundamental problems are solved, a senior official with China’s $480 billion sovereign wealth fund said on Tuesday.
Jin Liqun, chairman of the supervisory board of the China Investment Corporation (CIC), said it is unlikely that the debt problems bedevilling euro zone countries will be solved until Europe is in super-critical situation. “There will be no solution, until there is no way out,” Jin said………………………………………..Full Article: Source


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