Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,334
27%  
Woo hoo!! And we're now over 27%!! Thank you all very much!! God bless.

Keyword: assetpurchase

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  • China discloses buying spree in US firms

    02/11/2010 1:23:42 AM PST · by myknowledge · 7 replies · 596+ views
    Ninemsn ^ | February 9, 2010
    China's giant sovereign wealth fund revealed it has accumulated stakes totalling $US9.6 billion ($A11.1 billion) in major US companies including Coca-Cola, Apple and Goodyear following a buying spree last year. Most of the stakes are small, reflecting China Investment Corp's strategy of avoiding politically sensitive acquisitions. But they highlight its growing presence in global markets as it invests a portion of Beijing's $US2.4 trillion ($A2.78 trillion) in foreign reserves. The holdings were disclosed Friday in a filing with the US Securities and Exchange Commission that listed shares traded in the United States. CIC, one of the world's biggest investment funds,...