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.
