| From Telegraph: In unusually open comments, Gao Xiqing, vice-chairman and president of the Chinese Investment Corporation (CIC) said the fund has a bias towards emerging markets where it does not face the same degree of political hostility. "Sometimes the government makes it clear they will make it difficult for us, so we say 'forget it'," he said.
CIC was very active during the financial crisis, buying stakes in private equity group Blackstone and Morgan Stanley. "Over the past three years . . . things became a little easier as they said we welcome the money but not the people," he said..............................................Full Article: Source
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