29.09.2008 - The world is observing what China will do amid crisis
From TheAustralian.com: [T]he reluctance of the great state-owned conglomerate Citic to take over Morgan Stanley when the opening beckoned, leaving the sovereign wealth fund China Investment Corp [CIC] to build its passive stake instead, illustrates that those at the top in the [Chinese] finance sector are aware of their lack of sufficient experience to start operating such companies globally, however badly the Americans have messed up... Full article: Source