China's giant new investment agency

According to this article from BusinessWeek Online, published Tuesday 13 March, China's soon-to-be state investment arm will be a major asset-management entity globally.

"China's investment arm will definitely aim to get a rich return on investment, but its decisions will also be guided by political and strategic considerations," it says.

"China is likely to focus on large equity stakes in oil and gas concerns, minerals such as gold, and possibly shipping assets," the article says.

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