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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China firms hungry for more resources

Posted on 03 February 2010

From People.com.cn: China, the world’s largest metal consumer, will add to last year’s record $32 billion spending on resource acquisitions as demand for iron ore, copper and oil soars with the fastest economic growth since 2007.
China’s $300 billion sovereign wealth fund, which pumped about $10 billion into commodity-related companies in the second half of 2009, is in “early talks” for investments in Brazil, the world’s second-biggest iron ore exporter, and Mexico, Chairman Lou Jiwei said on Jan 20……………………………………Full Article: Source

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