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flota

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flota

Re: None

Wednesday, 02/14/2007 8:45:52 AM

Wednesday, February 14, 2007 8:45:52 AM

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China set to pick new reserves chief
By Richard McGregor in Beijing

Published: February 13 2007 22:11 | Last updated: February 14 2007 04:08

China’s plans to establish a body to manage more aggressively a portion of its $1,000bn in foreign reserves are taking shape, with a senior ministry of finance official slated to take charge of the new institution.

Advisers to the Chinese government said on Tuesday that Lou Jiwei, the long-standing vice-minister of finance, had been in discussions to take a position which could see him overseeing a $200bn global investment fund.

When investing always start with an assumption that the stock market is dead wrong.

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