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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

China fund to expand Africa ties

Posted on 24 July 2009

From WSJ: The China-Africa Development Fund, which was founded by state-owned lender China Development Bank Corp., plans to raise $2 billion by November to help expand business links between Africa and China, CDB Vice Governor Li Jiping said.

Separately, China’s Communist Party leaders vowed on Thursday to continue their focus on steady economic growth, carrying on with an active fiscal policy and moderately loose monetary policy in the second half…………Full Article (subscription Required): Source


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