| And had not Xie Ping, a senior official of the China Investment Corp (CIC), a big sovereign wealth fund, spoken to Zapatero of the €9bn ($12.9bn) available to spend on restructured banks and Spanish sovereign debt?
But in the cold light of the next day, the CIC denied any concrete plan to invest, and Madrid had to confess to “an error of communication”. It turned out that the CIC would never have considered such a big investment and that Xie was not quite as important in the fund as the Spanish believed..............................................Full Article: Source
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