Chinese funds hard to come by

Calcutta News.Net
Wednesday 3rd December, 2008

China's government investment funds have slowed down business dealings with foreign financial institutions, believing foreign governments are unable to create more stable policies to respond to the ongoing economic crisis.

Ailing foreign banks that had been hoping China would use its vast pool of investment cash to help bail them out, are likely to be disappointed.

Chinese fund managers have said while they will continue to invest overseas, a lot of funds will be more evenly diversified between the developed world and developing countries.

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