Washington Post,Feb. 9, 2010:
Page A13: Sub-heading: Portfolio includes index funds, blue-chip firms: China's sovereign wealth fund has lifted the veil on its US securities holdings, revealing more than $9.6 billion of holdings in about 60 US companies.
The Chinese sovereign wealth fund also disclosed more than $1.5 billion of investments in 14 US-based index funds covering emerging markets, the Russell 2000,global materials,gold, health care,financial services and energy.
US and China are tether twins. Exchange rates are determined by supply and demand in economics. According WTOP Radio broadcast: Coke is in demand in China i.e.Coca Cola rose in needs by Chinese customers. Such is clear evidence of Sino-American Economics in action.
Francis Shieh a.k.a. Xie Shihao on Tuesday, February 9, 2010 at 11.50 a.m.
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