| 26.07.2012 - Europe crisis saps returns on overseas investments for China's sovereign wealth fund CIC |
| China's $482 billion sovereign wealth fund says it lost money on its overseas investments last year with a negative return of 4.3 per cent, sapped by Europe's chronic debt crisis. China Investment Corp. reported Wednesday that its profit in 2011 fell 6.1 per cent, though the average annualized return on its investments since its founding in 2007 remained at 3.8 per cent...............................................Full Article: Source |