| From Bloomberg: The U.S. agreed to implement a rapid approval process for Chinese financial institutions to invest in the country, as it seeks more ways to bolster capital at firms blighted by the global financial crisis.
The announcement was made in a joint statement at the close of two days of bilateral talks between China and the U.S. in Beijing. The U.S. also welcomed “commercially based” investments by China’s sovereign wealth fund and the foreign- exchange administration in industries including the financial sector, the statement said...... Full Article: Source
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