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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Reserve Currencies

With cash reserves of GBP1,500bln, China is ready to go on a worldwide spending spree

Posted on 09 August 2010

From Scotsman.com: Should the sale of Liverpool FC to Hong Kong businessman Kenny Huang and his reputed backers, the China Investment Corporation (CIC), come to fruition, soccer wits, with dull predictability, will inevitably dub it the great Chinese takeaway.
The shock of this move comes from the fact that the CIC is, to all practical purposes, part of the Chinese government. And it is a government which, unlike most struggling under mountains of debt, has fabulous amounts of wealth……………………………………….Full Article: Source

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