Friday, December 2, 2011

Chinese vulture wears a panda mask

"China's enormous sovereign wealth fund, the China Investment Corporation, may have set aside up to 1.5 per cent or about $6 billion of its massive foreign exchange reserves to invest in New Zealand assets, including government bonds, companies and potentially dairy farms," the New Zealand Herald reported on May 26, 2011. Some see Chinese investment as predatory, despite outward appearances. The cartoon is from the Manawatu Standard of May 31.

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