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Thread: How far will RMB go?

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[quote=MARRIE,268353]it seems that china has less desires for forigen funds then before. 200 billion sovereign fund and huge forex reserves requires CN seek investment mkt abroad. it is said CN has significant influence  on austrilian mining industry, heard its seeking acquisition of Alberta chemistry (maybe minging) corp prematured..I don't want to say more, in all CN needs money in hand to generate more money (cn is dedicated in african mkt, arouse criticism from other developed nations saying this is 2nd colonialism.

I would like to recommend an article belwo :

British Prime Minister Says China Should Look to London for Sovereign Fund Investments
Jane Wardell
January 18, 2008 - 11:16 a.m. 
BEIJING (AP) - British Prime Minister Gordon Brown began a major effort Friday to position Britain as China's premier international business partner, offering London as a base for distribution of the Asian nation's state fund for private investment.

Visiting Beijing with a high-profile delegation of business leaders, Brown also opened a local office of the London Stock Exchange and discussed cooperation on education, alternative power, climate change and sustainable cities with Chinese Premier Wen Jiabao.

Brown's two-day visit, which also takes in Shanghai, is calculated to gain an advantage on the United States and the rest of Europe to the investment opportunities and economic benefits offered by both China's increasingly open domestic consumer market and growing money pot for overseas investment.

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Brown said that China's $200 billion sovereign wealth fund could offer significant investments for British businesses, adding that he did not share the concerns of other countries about the state funds.

"Where others may wish to see a risk, I see the rise of China and the reality of globalization not as a threat but as an opportunity," Brown told a summit of Chinese and British business leaders after he was greeted by Wen at the Great Hall of the People in central Beijing.

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