China has developed innovative and unique types of of sovereign wealth funds — and the West risks ignoring them at its own peril.
Illustration by Pete Ryan
The cover of the January 19, 2008, edition of The Economist showed three large tandem-rotor military helicopters, each hauling a pallet full of gold bars and emblazoned with the flags of China, Singapore and Kuwait.
Credit: The Economist
Above the fleet of helicopters, the headline announced the impending “invasion of the sovereign wealth funds.” This hyperbolic declaration was a reference to several sovereign wealth funds
(SWFs) from Asia and the oil-rich Arabian Gulf that ha
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
From Mike Mansfield to Max Baucus and Steve Daines, Montana has been the unlikely source of America’s most influential China-hand senators over the past half-century. But amidst spy balloons, trade wars and mutual paranoia, being a proponent for rational and beneficial relations between the two countries has never been harder.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
