China Fund Warns Against Protectionism – Martin Arnold

From The Financial Times:

The head of China’s new $200bn sovereign investment fund on Monday warned western governments against using “national security” as an excuse for protectionism, saying his fund would boycott such countries.

Speaking at a dinner hosted by the Lord Mayor of London at Mansion House, Lou Jiwei, chairman of China Investment Corporation , said: “National security should not be an excuse for protectionism.” Mr Lou presented his fund as “a stable force in the ­market” and said any protectionist backlash against fast-growing state investment funds such as CIC could “change the stability and security of global financial markets”. [Full Text]

See also: US and China in clash over trade from BBC News.


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