Why did China’s US$940 billion sovereign wealth fund lose money last year?
  • China Investment Corporation (CIC) saw a 2.35 per cent negative return on its overseas investment portfolio in 2018 in contrast to the gain of 17.6 per cent in 2017
  • Fund general manager Ju Weimin says trade tensions have led to a ‘more cautious view’ of the situation in the United States, which ‘we are watching closely’
20 Sep 2019 - 11:05PM