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China’s sovereign wealth fund profit tumbled last year, posted loss on overseas investment


China's sovereign wealth fund saw net profit tumble last year amid a complex global financial environment and becomes more cautious about investing in the United States due to the prolonged trade war.

China Investment Corp., the country's $941 billion sovereign wealth fund, reported a 2.35 per cent loss on its overseas investments last year amid tumbling global markets, sharply down from a record 17.6 per cent gain in 2017.

However, the 10-year annualized yield through . . .

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