Returns jump for Chinese sovereign fund in 2012

Returns jump for Chinese sovereign fund in 2012

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China's largest sovereign wealth fund reported a 10.65% return on overseas investments for 2012 after a 4.3% loss the year before, The Wall Street Journal reported. China Investment Corporation's Executive Vice President Liang Xiang said the US and EU would remain the US$482 billion fund's primary market for investment this year despite crisis and slow economic growth in the West. The fund's total returns on overseas investments since being founded in 2007 is now above 5%.