Source: CCTV.com

05-10-2008 12:01

State-owned investment company China Investment Corporation says it's keen to pursue long-term benefits, and has no intention of hindering economic development in other countries.

Chairman Luo Jiwei has stressed that CIC will not act based on short-term gain, and is keen to step up transparency over time.

China Investment Corporation was set up last September, as financial authorities look for better management of the country's soaring huge forex reserves, which stood at more than one-and-a-half trillion US dollars by the end of 2007.

 

Editor:Liu Fang