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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Resource-hungry China heads to Afghanistan

Posted on 16 October 2009

From Basilandspice.com: China Spends $115 Billion On Foreign Acquisitions, $4B In Afghanistan. In September the China Investment Corporation paid nearly $1 billion to buy an 11% stake in a Kazakhstan oil and gas company, and $850 million for a Hong Kong commodity trading house.

China has also bought stakes in foreign banks, utilities, and semiconductor companies, and invested $4 billion in Afghanistan’s largest infrastructure project - the Aynak copper mine lying idle since 1979…………………..Full Article: Source

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