30.11.2011 - Why and how China invests in Britain's creaking infrastructure
When the average person looks at our creaking railway network and pot-hole-ridden roads, they see an irksome hindrance to their trip home from work. But China Investment Corporation – the sovereign wealth fund of the People’s Republic – sees dollar signs. CIC chairman Lou Jiwei has been nattering with Chancellor George Osborne and the pair cooked up a bright idea to kick-start badly needed infrastructure upgrades. The idea is that Britain gets the much-needed financial impetus to get projects off the ground, while the Chinese investment vehicle takes a slice of the equity and profits...............................................Full Article: Source
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