Lou Jiwei, Chairman of the China Investment Corporation (CIC), which controls China’s $298 billion sovereign wealth fund, said: “Both China and America are addressing bubbles by creating more bubbles, and we’re just taking advantage of that, so WE can’t lose.” (Emphasis added by me.)
The great growth engine of the world seems to be sputtering. Mr. Jiwei, can the United States be far behind?
Till next time,
Bill
P.S. – Could the DPJ power sweep in Japan be the first shot across the bow of international protectionism?
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