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Sovereign Wealth Funds Briefing - Categorized | Market

China casts its shadow on Mongolia

Posted on 15 December 2009

From WSJ: China is already Mongolia’s biggest foreign investor, and new funds are pouring in. In recent months, China’s sovereign-wealth fund, China Investment Corp., has agreed to invest $1.2 billion in mining companies with Mongolian assets.

That sum is about a quarter of Mongolia’s gross domestic product, but less than half a percent of CIC’s total assets of $300 billion……………………………….Full Article: Source

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