| China Investment Corp (CIC), the nation's sovereign wealth fund, will soon receive $100-$200 billion in new funds from the central government to address the country's rapidly increasing foreign reserves, the British newspaper Financial Times reported on Tuesday citing unnamed sources.
China Investment Corp, reportedly having fully allocated the $110 billion it had available for offshore investments, is said to be getting the new money and reduce Beijing's exposure to investment losses associated with US government debt..............................................Full Article: Source
|