China’s CIC fund making near 5 pct profit -source
Date: February 24, 2009
By Eadie Chen
BEIJING, Feb 24 (Reuters) – China Investment Corp (CIC), the country’s $200 billion sovereign wealth fund, made a profit of about $10 billion last year as it benefited from staying largely in cash and avoiding new investments in Western banks, a source close to the fund told Reuters on Tuesday.
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Source: Reuters
