Friday, September 12, 2008

Sovereign Wealth Funds - China

Those who decline to advocate special rules for Sovereign Wealth Funds from non-democratic funds might wish to consider evidence that China, at least, is using financial muscle for political purposes:

Beijing uses forex reserves to target Taiwan
Sep 11 2008 23:30
The secretive government agency that supervises China's foreign exchange reserves used its funds to help convince Costa Rica to switch ties from Taiwan to Beijing last year, according to files obtained by the FT
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