| Gao Xiqing, president of China Investment Corp., the country’s $500-billion sovereign wealth fund, recently denounced Japan thusly (paywall): “Treating the neighbors as your garbage bin and starting a currency war would not only be dangerous for others but eventually be bad for yourself.”
But today, another CIC head, Jin Liqun, blew off those concerns: “Monetary easing … is a necessary but not sufficient condition,” said Jin, who chairs CIC’s supervisory committee (paywall). It’s hard to know why they differ—or even whether they differ. Both Gao and Jin are chatty guys, and the media quotes them a lot. That’s probably because, unlike China’s generally wooden political elite, they are comfortable with the media, speak great English, and have dry wits.......................................Full Article: Source
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