02.08.2011 - Why is China really going after Facebook?
Last month, analysts who monitor China’s gargantuan sovereign wealth fund detected signs that a deal was in the works to buy a huge stake in Facebook. Nevermind that access to Facebook has been blocked in China since 2009. The fund, known as the China Investment Corporation (CIC), is a $332 billion portfolio that seeks to earn money from the government’s massive export earnings. It operates in almost complete secrecy, as do many sovereign wealth funds in the Persian Gulf, Russia and elsewhere. These have grown into major economic players over the past 20 years..............................................Full Article: Source
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