| From Mariettatimes.com: China Investment Corporation (CIC), the world's largest sovereign-wealth fund established by Chinese central government, has generated a lot of worries and hostilities in the West, where CIC has been splashing its cash and acquiring businesses here and there.
The McKinsey Global Institute now forecasts a dramatic increase in the assets of Chinese and Asian sovereign-wealth funds over the next few years. It predicts that Asia's total sovereign assets, which at the end of 2007 stood at $4.6 trillion, could increase to as much as $12.2 trillion by 2013................................................Full Article: Source
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