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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

China wealth-fund official warns of tough year

Posted on 09 June 2010

From Marketwatch.com: A senior official with China’s massive sovereign-wealth fund said Tuesday that while 2009 was good for the nation’s market investments, this year is proving to be tough, according to reports.
In rare public comments, China Investment Corp.’s Executive Vice President Jesse Wang said recent corrections in Western markets had peeled off one-tenth of the fund’s value………………………………………..Full Article: Source

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