China called on 108 cities to participate in its very first "no car" day. But except for the restricted areas in Beijing where private cars are not allowed to get in, traffic of other parts of the city remains the same.
Mattel Inc. tried to save face Friday with Chinese officials, taking the blame for the recent recalls of millions of Chinese-made toys as it strives to mend a strained relationship with the nation that makes most of its toys. (Sept. 21)
Mattel has apologized to China for blaming the company`s toy recall on Chinese manufacturers, saying the recall was the result of poor American design. Barry Petersen reports.
China Investment Corporation
From Wikipedia, the free encyclopedia
China Investment Corporation
Type
Sovereign wealth fund
Founded
Beijing, 2007
Headquarters
Beijing, People's Republic of China
Key people
Lou Jiwei
Industry
Investment service
Total equity
US$ 200 billion
The China Investment Corporation (CIC) is responsible for managing part of the People's Republic of China's foreign exchange reserves with $200 billion United States dollars of assets under management, which makes it the fourth largest Sovereign Wealth Fund.[1][2] This sovereign wealth fund officially began operations on Saturday, September 29, 2007. It bought a US $3 billion stake of Blackstone Group in June[3] and a 9.9% stake of Morgan Stanley worth US$ 5 billion on December 19, 2007.[4][5][6]
