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Sovereign Wealth Funds Briefing - Categorized | People, Trends

China sovereign wealth fund official warns on eurozone austerity

Posted on 19 November 2012

A top official with China’s sovereign wealth fund has issued a blunt warning that the latest unrest across the eurozone shows austerity has stretched the public’s tolerance “to breaking point”.
Jin Liqun, chair of the supervisory board of the $480bn (£300bn) China Investment Corporation (CIC), warned that undue harshness risked a backlash which could end with necessary economic reforms being abandoned………………………………………..Full Article: Source


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