AES sells 15% stake to China Investment

Washington Post, March 17, 2010 on page A18:

Global power company AES, based in Arlington, said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp.

China Investment bought 125.5 million shares of AES stock for $12.60 each. It gains a seat on AES's board.

CIC, with about $300 billion in assets along with other state-controlled companies, has been buying assets around the world. Such business transactions are empirical evidence of China's market system. Such mix of private sector and public sectors may be observed in other nations as well.

Page A11: www.c-span.org/videolibrary. I enjoyed the debates about Health Care Bill at C-Span Radio today. In 1979 America's cable TV companies brought Congress to our living room via C-Span. I would recommend such to the readers of Sino-American Economics.

You may search,watch and clip it or even share it : all at no charge for educational enrichment.

Page C5: The National Geographic Museum has its amazing terra-cotta warriors. The warriors 15 life-size figures discovered among thousands in China in 1974. They have been popular in all four US venues in which they have been exhibited, with Washington being the last stop in a two-year tour. The financial payoff is estimated $2.7 million in gross revenue.

Here is Sino-American Economics for cultural exchange in business during the 21st century for mutual benefit. Source: trescottj@washpost.com

Francis Shieh(Ssshhh!) a.k.a. Xie Shihao(thanks from a poet with sentiments in name only),an advocate of motto in foreign language: "Mens sana in corpore sans" i.e. a sound mind in a sound body with cheerful upbeat to be dedicated to all who wish to live smarter in the mundane world.

St. Patrick's Day with eco-friendly green thoughts on Wednesday, March 17, 2010 at 9.45 a.m.