China aims to invest more in Europe
21-04-2009
The China Investment Corporation is seeking to expand its operations this year, particularly in Europe.
It aims to include countries it previously avoided because of limits they had set on China's investments.
Lou Jiwei, the chief of the sovereign fund, said resistance from some Western governments had contributed to CIC's reluctance to deploy its capital. As a result, it had been shielded from sharp market losses.
But Mr Lou said the environment had changed this year.
