| From Legalbusinessonline.com: China’s sovereign wealth fund, China Investment Corporation (CIC), has announced two separate investments in two days totaling US$2.75bn. CIC announced recently it would be increasing new overseas investment in 2009 by more than ten times last year’s figure of US$4.8bn.
The fund has taken over US$1.9bn of debt from Indonesia’s largest coal producer, PT Bumi Resources, which has revived Bumi’s capital expenditure and its implementation of growth strategies...................Full Article: Source
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