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China Daily | Updated: 2009-08-13 07:57
CIC investment strategy
China Investment Corp, the country's $200-billion sovereign wealth fund, is interested in boosting its Canadian presence after acquiring a stake in Teck Resources Ltd last month, Canadian Finance Minister Jim Flaherty said.
The Beijing-based fund views Canada as a "safe place to invest", Flaherty said yesterday after a one-hour meeting with Lou Jiwei, chairman of CIC.
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