Wednesday, September 9, 2009
Head of China’s Sovereign Wealth Fund: “Both China and America are Addressing Bubbles by Creating More Bubbles”
In news of the obvious-but-taboo-to-discuss, Lou Jiwei - the chairman of China’s sovereign wealth fund - recently told a forum organized by the Brookings Institution and the Chinese Economists 50 Forum, a Beijing think-tank:
Both China and America are addressing bubbles by creating more bubbles and we’re just taking advantage of that.
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Seems to be telling it as he sees it.
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