China ‘keen’ to invest in West’s infrastructure
BEIJING – China’s sovereign wealth fund wants to invest in improving neglected U.S. and European roads and other infrastructure to spur global growth, the fund’s chairman said in comments published Monday.
China Investment Corp. wants to begin in Britain by teaming up with fund managers or investing directly in infrastructure projects, Lou Jiwei said in a commentary in London’s Financial Times newspaper.
“China is keen to get involved” in improving U.S. and European infrastructure, which “badly needs more investment,” Lou wrote.
India invite to foreign retailers stirs backlash
MUMBAI, India – India’s new open door policy for foreign retailers is stirring a backlash from some state governments who fear the move will be unpopular with their constituencies of small traders and shop owners.
The new regulations don’t require Parliamentary approval, but to set up shop, foreign retailers such as Wal-Mart and Tesco must get a green light from the government of the state where they want to do business.
Five state leaders made clear over the weekend their unwillingness to let foreign companies in. Parliament adjourned Monday in an uproar over the issue and Communist Party controlled trade unions have pledged to strike on Dec. 1.
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