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Sovereign Wealth Funds Briefing - Categorized | Trends

China wealth fund flags shift to Asia

Posted on 13 November 2012

China’s sovereign wealth fund has warned it will direct its $500 billion arsenal away from countries that are unwelcoming of Chinese investment, citing a rise in Western “protectionism”.
Lou Jiwei, the chief executive of the China Investment Corporation, said there was a rise of “protectionism in both trade and investment in some Western countries” and that the fund would direct more of its investment in the faster-growing Asian economies………………………………………..Full Article: Source


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