| From IHT: The $200 billion Chinese sovereign wealth fund is shifting its investment focus to natural resources, fixed income and real estate after having made losing bets on high-profile U.S. financial firms, people familiar with its strategy said.
China Investment Corp., headed by a former Vice Finance Minister Lou Jiwei, has drawn criticism at home over large paper losses on its combined $8.6 billion investments in the U.S. private equity giant Blackstone Group and the Wall Street bank Morgan Stanley...... Full Article: Source
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