Sovereign fund banks on prospects in United States

CIC looking at investment in both infrastructure and manufacturing

China's sovereign fund China Investment Corp, which manages about $800 billion assets including $200 billion of overseas investments, is actively looking for investment opportunities in the US infrastructure and manufacturing sectors - to graft their products and industries onto the Chinese economy, a senior executive told the World Economic Conference in Davos, Switzerland.

CIC Executive Vice-President Qi Bin said in a speech to the World Economic Forum in Davos on Wednesday, that the Belt and Road Initiative is an effective proposal for global long-term economic growth as well as the answer to many current geopolitical conflicts.