Balance of Power Is Continuing to Shift From the US

It all reads like a chapter from a volume of Alternate History: China Investment Corporation acquiring a 10 per cent stake in Morgan Stanley. The Abu Dhabi Investment Authority bailing out Citicorp. A Chinese government-controlled bank making a huge cross-investment in Bear Stearns and investing US$3 billion in the Blackstone Group, a private equity fund.

https://www.cato.org/pub_display.php?pub_id=9417


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