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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

The world is observing what China will do amid crisis

Posted on 29 September 2008

From TheAustralian.com: [T]he reluctance of the great state-owned conglomerate Citic to take over Morgan Stanley when the opening beckoned, leaving the sovereign wealth fund China Investment Corp [CIC] to build its passive stake instead, illustrates that those at the top in the [Chinese] finance sector are aware of their lack of sufficient experience to start operating such companies globally, however badly the Americans have messed up... Full article: Source


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