
How the CCP Finances its Global Ambitions
Pekingology
CIC's 15-Year History
When CIC was established, it was given 200 billion US dollars from China's foreign exchange reserves. At the time of establishment, they only had slightly less than a dozen people managing a big amount of money. So limited people, very little experience in international investment. And at that time, when they made the investment, again, in retrospect, now we know it was really bad timing.
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