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"You don't hear much about investments from China"?! What about the Chinese sovereign wealth fund (SWF) that invested in some of our banks during the crisis (a
by olegious 16y ago
"You don't hear much about investments from China"?! What about the Chinese sovereign wealth fund (SWF) that invested in some of our banks during the crisis (along with other major investments)? What about the Gulf State SWFs that did the same?
Russia's problem is it there are plenty of obscenely rich individuals (that's why Moscow is consistently ranked as one of the most expensive cities in the world) and no middle class- its oil money powers its own SWF. Many of the rich made their money in oil and other commodities, others are the result of the more recent consumer spending boom, many used their government positions or contacts, the list goes on and on...