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Sovereign Wealth Funds Briefing - Categorized | Market

CIC`s turning back will be held up in the future as a moment when history could have turned in a different direction

Posted on 29 September 2008

From Taipeitimes.com: China is the US of this century. The initial stages of the credit crunch last year were managed so apparently painlessly because sovereign wealth funds (SWF) from the Middle East, but above all from China, were willing to step in and recapitalize the debt of US and European institutions. The pivotal moment in today’s events came when the Chinese SWF China Investment Co (CIC) was unwilling to go further in its exploration of buying Lehman Brothers. CIC’s turning back will be held up in the future as a moment when history could have turned in a different direction… Full article: Source


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