23.05.2011 - Corporate China's political shadows
It was reported this week that China's sovereign wealth fund is about to receive new capital from the government, adding billions of dollars annually to its already impressive wallet. As China's economic power continues to grow and countries around the world compete for Chinese investment, the question facing developed countries is not so much what happens when China rules the world, as what will be the impact when China owns the world? The China Investment Corporation was set up in 2007 to invest some of the $3tn in foreign exchange reserves that have accumulated through trade surpluses fuelled in part, critics would say, by an artificially depressed exchange rate..............................................Full Article: Source
Print