29.01.2010 - China shouldn’t rescue Greece by buying debt, Yu says
From Bloomberg: China Investment Corp., the nation’s $300 billion sovereign wealth fund, posted a 2.1 percent loss in 2008 as slumping shares eroded the value of its $5.6 billion investment in Morgan Stanley and its $3 billion stake in Blackstone Group LP, manager of the world’s biggest buyout fund, both acquired during its first year in 2007. The Beijing-based fund may have had a return of more than 10 percent in 2009, said London-based Jan Randolph, director of sovereign risk, analysis and forecasting at IHS Global Insight......................................Full Article: Source
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