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Sovereign Wealth Funds Briefing - Categorized | Market, People, Trends

US easing a worry but gold profits help, CIC chief says

Posted on 29 November 2012

America’s indebtedness and repeated monetary easing is a matter of grave concern but gold offers a glimmer of hope in these times, according to China Investment Corp (CIC) president Gao Xiqing.
Gao, who runs China’s US$482 billion sovereign wealth fund, said he is “not quite convinced” about the US economic system, which he said makes the government print money to satisfy the needs of certain interest groups………………………………………..Full Article: Source


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