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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China wealth fund urges US to spend on infrastructure

Posted on 02 November 2010

From BBC: China’s sovereign wealth fund has urged the Obama administration to spend $1tn (£624bn) on infrastructure over the next five years, to create jobs and improve American competitiveness.

Zhou Yuan, head of asset allocation at China Investment Corporation (CIC), said Beijing would be willing to invest in such projects. CIC manages part of China’s massive foreign exchange reserves…………………………………….Full Article: Source


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