Big investor: People walk past the entrance of the Industrial and Commercial Bank of China (ICBC) in Paris. CIC, which is a major shareholder of this bank, ranks among the world’s top five state investors. – Reuters
Chinese sovereign fund sees sluggish growth this year
BEIJING: China’s US$814bil sovereign wealth fund China Investment Corp (CIC) gave a bleak outlook after reporting its first loss on overseas investments in four years, battered by a fall in commodity prices and weak currencies.
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