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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

CIC’s Jin: China will need $2-$3bln per day as exports fall

Posted on 21 March 2011

China’s new economic development plan will lead to a reduction in exports from the Asian giant, which will require additional domestic funding and will also open up market share for other countries, according to the head of China’s sovereign wealth fund.
“We in China understand we cannot depend on exports forever. We need to change, we need to develop a vast direct domestic market,” said Jin Liqun, chairman of the supervisory board of the China Investment Corporation, at a conference organized by Fundacao Getulio Vargas……………………………………….Full Article: Source


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