14.10.2009 - Commodity-rich Canada has become China’s personal shopping mall
From Commodityonline.com: In July, the state-run China Investment Corp. (CIC) bought a $1.5 billion stake in Canada’s Teck Resources Ltd.. CIC is one of the new breed of so-called “sovereign wealth funds” (SWF), essentially government controlled investment funds that all told control trillions in foreign reserves. CIC manages about $200 billion of China’s estimated $2.3 trillion in foreign-exchange holdings.......................Full Article: Source
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