Machine Learning

Sovereign Wealth Funds have been around for decades, but were not seen as a serious player in the global economy until 2005 when the US Federal Reserve, who were worried about the growing US budget deficit, made it clear they would not tolerate sovereign wealth funds buying up US assets This was seen as an attempt to protect the US economy and the US Dollar from the China threat€ Shortly thereafter, the US Congress passed the Foreign Investment and National Security Act of 2007, and China announced that they would no longer buy US assets https://www.govinfo.gov/app/details/PLAW-110publ49 With the US out of the picture, Chinese investors started to look elsewhere in the world for opportunities In 2007, the Chinese government created a sovereign wealth fund called the China Investment Corporation, and the next year it was announced that the CIC would be buying 10% of Blackstone Group, a US private equity firm The CIC's investment in Blackstone was seen as an investment in the US, and it was also seen