David Cameron is tapping China’s sovereign wealth fund to help raise capital for his $1bn infrastructure fund.
Britain announced last year that Mr Cameron would lead a joint UK-China fund to support China’s premier geopolitical project, the Belt and Road Initiative.
China Investment Corp manages about one-third of China’s $3.1tn in foreign exchange reserves, investing them in projects prioritised by the Communist party. British officials say they regard the BRI as a purely private-sector project. In China, however, such distinctions are much harder to make.
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