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China’s $1 trillion sovereign wealth fund posted a 17.4 per cent return on overseas investments in 2019 partly driven by a global stock market rally, boosting its finances as it combats volatile markets amid the pandemic.
That reverses a 2.4 per cent loss in the previous year and compares to a 17.59 per cent net return in 2017, which was an all-time high.
Net income, which also includes profits from its holdings in the country's state-owned commercial banks, surged 70 per cent to $110.3 billion, according to . . .
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