Wednesday, January 16, 2013

China: Not bullish on US bonds or debt





“In line with the future US economic recovery, the appeal of US debt is weakening. From a long-term perspective, it is not a good investment target. For this reason, CIC’s method is to buy relatively less US debt with hopes of allocating more to stocks and other assets,” - Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corporation (CIC)

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