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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

CIC urges West to spend more on infrastructure

Posted on 30 November 2011

Europe and the United States should increase infrastructure investment to drive a global economic recovery, the head of China’s $410 billion sovereign wealth fund said just days after expressing interest in buying into Western transportation deals.
China Investment Corp (CIC) Chairman and Chief Executive Lou Jiwei said in the official People’s Daily newspaper on Tuesday that China should not be regarded as the sole engine of global economic growth because domestic consumption is relatively weak………………………………………..Full Article: Source


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