60 Minutes: China Investment An Open Book? Sovereign-Wealth Fund’s President Promises Transparency

Posted on April 8, 2008 by John

In the latest episode of 60 Minutes (Sunday, April 6, 2008), the weekly investigative news show does a segment on China’s Sovereign-Wealth Fund, which has about $200 billion in assets, in “China Investment An Open Book? Sovereign-Wealth Fund’s President Promises Transparency“. According to Wikipedia, “a sovereign wealth fund (SWF) is a state-owned fund composed of financial assets such as stocks, bonds, property or other financial instruments.” As much as one might want to hate and fear China, this segment reminds me a lot of “the Japanese are buying America” syndrome that was feared in the late 1980’s and early 1990’s, which of course, was severely overstated.

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About John

I'm a Taiwanese-American and was born & raised in Western Massachusetts, went to college in upstate New York, worked in Connecticut, went to grad school in North Carolina and then moved out to the Bay Area in 1999 and have been living here ever since - love the weather and almost everything about the area (except the high cost of housing...)
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