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June 6, 2008 | Chinese SWF Promises Transparency

Europeans and the United States fear that CIC - owned by the Chinese government -, turns into a political tool enabling investment decisions to be based on political motives. ++ The head of the Chinese sovereign wealth fund says they are trying to reach international transparency standards. ++ Mr. Gao also said OECD countries were continually urging China to invest abroad but then grew suspicious

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