| From Chinadaily.com.cn: China Investment Corporation (CIC), the nation's $200-billion sovereign wealth fund, will speed up the pace of investment across a broad range of sectors to capitalize on the long-term investment value created by the global financial crisis, the People's Daily reported yesterday, citing CIC Chairman Lou Jiwei.
CIC invested just $4.8 billion outside China last year as it kept its powder dry during the global financial crisis, when asset prices tumbled.........................Full Article: Source
|