Chinese sovereign wealth fund China Investment Corporation (CIC), with over US$800 billion under management, plans to invest in infrastructure projects in the U.S. as President-Elect Donald Trump calls for a fiscal expansion package to stimulate the world's largest economy.
"By my estimation, over US$8 trillion will be required for U.S. infrastructure projects," said Ding Xuedong, CIC chairman, during the Asian Financial Forum in Hong Kong today. "The U.S. government and the U.S. private investments will not have enough, which means they must rely on foreign investments, and we are foreign investors."
Ding said President-Elect Trump's planned policy initiatives including fiscal expansion policy will give the Chinese state fund manager more opportunity to ...
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