Wednesday, May 23, 2007

China flexes financial muscle with $3bn stake in US private equity firm
Jonathan Watts Beijing Andrew Clark New York
The Guardian
22 May 2007

A huge shift in global capital flows is forecast after the Chinese government’s acquisition of a $3bn (£1.5bn) stake in the sprawling US private equity group Blackstone, owner of Café Rouge restaurants, Madame Tussauds and Center Parcs. The purchase,... read more...

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