{"id":242172,"date":"2010-01-28T10:03:46","date_gmt":"2010-01-28T15:03:46","guid":{"rendered":"http:\/\/www.businessinsider.com\/china-wealth-fund-gunning-lockin-commodities-28-1-2010"},"modified":"2010-01-28T10:03:46","modified_gmt":"2010-01-28T15:03:46","slug":"chinese-sovereign-wealth-fund-gunning-to-lock-up-commodities-in-brazil-and-mexico","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/242172","title":{"rendered":"Chinese Sovereign Wealth Fund Gunning To Lock-Up Commodities In Brazil And Mexico"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4afd8d0c0000000000a2278b-400-\/mexico-city.jpg\" border=\"0\" alt=\"Mexico City\" width=\"400\" \/><\/p>\n<p>China&#8217;s massive investment fund China Investment Corp (CIC) is preparing for an all out commodities offensive on Brazil and Mexico.<\/p>\n<p>They have already pumped over $10 billion into commodity-related companies during 2009, and that&#8217;s just the tip of the iceberg:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.chinadaily.com.cn\/bizchina\/2010-01\/28\/content_9390095.htm\">China Daily:<\/a> CIC has had &#8220;early&#8221; talks for direct investments in Brazil, the world&#8217;s second-biggest iron-ore exporter, and Mexico, the No 2 silver producer, Chairman Lou Jiwei said at the Asian Financial Forum in Hong Kong on Jan 20. Lou pumped about $10 billion into commodity-related companies in the second half of 2009, according to data compiled by Bloomberg.<\/p>\n<p style=\"padding-left: 30px;\">With China&#8217;s reserves at $2.4 trillion and swelling by an average of $37.8 billion a month last year, CIC has asked the government for another $200 billion, the Economic Observer reported on Nov 21, citing a person it didn&#8217;t identify.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.chinadaily.com.cn\/bizchina\/2010-01\/28\/content_9390095.htm\">Read more here &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/china-wealth-fund-gunning-lockin-commodities-28-1-2010#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/china-banks-chill-out-just-because-well-slow-lending-doesnt-mean-well-do-it-violently-so-2010-1\">Chinese Bank Jumps To Calm Investors<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/us-dollar-on-an-overnight-tear-as-china-tightening-fears-shake-asian-markets-2010-1\">Bank Of China Lending Freeze Ignites U.S. Dollar Rally, Slamming Shanghai<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-obama-is-mistake-a-mistake-of-herbert-hoover-proportions-and-will-be-a-one-term-president-2010-1\">Why Obama Is Making A Mistake Of Herbert Hoover Proportions And Will Be A One-Term President<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/UMW_X8956XI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s massive investment fund China Investment Corp (CIC) is preparing for an all out commodities offensive on Brazil and Mexico. They have already pumped over $10 billion into commodity-related companies during 2009, and that&#8217;s just the tip of the iceberg: China Daily: CIC has had &#8220;early&#8221; talks for direct investments in Brazil, the world&#8217;s second-biggest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-242172","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/242172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=242172"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/242172\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=242172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=242172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=242172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}