16.10.2008 - Cooler winds blow from Beijing
From SMH: China's sovereign wealth managers are getting cold feet and some private Chinese companies are pulling out of Australian start-up mining projects, raising more doubts about whether Chinese investors can insulate Australia from the global financial crisis. The Chinese Government controls more than $US2 trillion ($2.8 trillion) in foreign exchange reserves, including $US100 billion added in the September quarter thanks to consecutive record-breaking trade surpluses..... Full Article: Source