| China's $500 billion sovereign wealth fund, China Investment Corp (CIC), returned to profit growth in 2012, citing growing traction in the global recovery at the end of the year and a steady improvement in risk asset prices.
CIC was created in 2007 to earn higher returns from riskier investments such as commodities, private equity and hedge funds for part of China's $3.4 trillion foreign exchange reserves. In 2011, the fund reported its first-ever decline in profit due to market weakness amid Europe's debt crisis...............................................Full Article: Source
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