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Sovereign Wealth Funds Briefing - Categorized | Market

China a rich potential source of capital for B.C. firms

Posted on 07 June 2013

Typically, Chinese foreign direct investment has been to secure resources for China’s major industries, seen in the Chinese National Oil Corp.’s deal to buy Nexen, or China Investment Corp.’s $1.7-billion investment to buy a stake in Teck Resources Ltd. in 2009.
However, Deloitte, in its report The East Eyes the West Coast, notes that the Chinese government’s government’s 12th Five Year Plan put particular emphasis on the consumer economy, and since 2011, has made it easier for firms outside of the resource sectors to invest outside of China…………………………………….Full Article: Source


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