Atlantic Community:Open Think Tank Article "China's Sovereign Wealth Fund Promises Transparency"

April 10, 2008 | Print | E-Mail Your Opinion

China's Sovereign Wealth Fund Promises Transparency

CBS: In an exclusive interview with Lesley Stahl for “60 Minutes,” the head of China’s new sovereign wealth fund, Gao Xiqing, pledges more transparency to allay fears that China will try to use its vast investment ability to exert economic or political control in the United States.

Altogether the sovereign wealth funds of countries like Abu Dhabi and Kuwait have spent over $30 billion bailing out the US financial system.

Which has raised troubling questions: are these mostly undemocratic regimes saving Wall Street ... or invading it?

The CBS program "60 minutes" investigates. You can watch the video below (after a short ad) or online at CBS.