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US crisis freezes China sovereign funds

Submitted by TraditionalGOPer on Tue, 10/14/2008 - 14:14
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US crisis freezes China sovereign funds
By Jamil Anderlini in Beijing and Deborah Brewster in New York

Published: October 14 2008 05:59 | Last updated: October 14 2008 05:59

China’s $200bn sovereign wealth fund, which has made a series of loss-making investments in Western financial institutions since last year, could have as much as $5.4bn frozen in a failed US money market fund account.

http://www.ft.com/cms/s/0/ea3833c2-99aa-11dd-9d48-000077b076...

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