China is pouring cash into Latin America, investing in everything from agriculture to railways while satisfying its need for oil and other raw materials to fuel its booming economy. In July, China gave Venezuela the first US$4 billion of a US$20 billion line of credit, and state-owned China National Petroleum Corp. agreed to pay US$900 […]
Category: Investment
China attracted US$7.6 billion in foreign direct investment in August, up 1.38% from a year earlier, but slowing sharply for the second consecutive month compared with the 29.2% year-on-year growth in July and the 39.6% growth in June, the Wall Street Journal reported. The release of the monthly data Wednesday follows Chinese Premier Wen Jiabao’s […]
Export-Import Bank of China (Exim Bank) and China’s sovereign wealth fund, China Investment Corporation (CIC), have jointly founded a US$1 billion private-equity fund for investment in Southeast Asian infrastructure and new energy projects, the Wall Street Journal reported. Exim Bank and CIC have each invested US$300 million in the China-Asean Investment Cooperation Fund. Exim Bank owns […]
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Mind your Maos
Currency risk for expats in China
Japan is concerned that China’s record purchases of Japanese bonds are causing the yen to appreciate, undermining Japan’s economic recovery, Bloomberg reported. The Japanese government has said it intends to seek discussions with Beijing on the issue. Finance Minister suggested that it is inappropriate to allow China to invest in Japanese bonds while the policy is […]