China has found the strength to economic aggression

The global economy rules igry01-10-2007 China has found the strength to economic aggression, China has found the potential for its economic aggression. In the case will be put huge gold reserves of the country (second largest in the world), which to date have totaled $ 1.3 trillion. To manage this huge stock of established investment company China Investment Corporate Ltd. (CIC). CIC will invest in various assets from the securities and hedge funds to real estate and commodities. Financing of the CIC will be implemented through the issuance of bonds. These bonds will be exchanged for part of the proceeds of foreign exchange reserves, which are now invested mainly in government securities in foreign countries. In particular, the PRC, according to Bloomberg, U.S. government bonds owned by $ 405 billion in late June it was announced that, through the issuance of treasury bonds to attract CIC 1.55 trillion yuan (200 billion dollars). Rate on new bonds is 4.3% - more than any other Chinese government loans. The first investment fund was $ 3-billion purchase in June, shares of American private investment company Blackstone Group. Despite the fact that the first experience of such investment to China was a failure - immediately after the purchase of shares of Blackstone have fallen in price - the power of the EU and the U.S. expressed concern about the Chinese intervention, especially in raw materials companies.