Thursday, November 4, 2010
China offers to finance US infrastructure and help create jobs
Posted by Find Insurance Online at 1:37 AMChina’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.Zhou Yuan, head of asset allocation at China Investment Corporation (CIC), said Beijing would be willing to invest in such projects. CIC manages part of China's massive foreign exchange reserves, an estimated 300
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