Jump to navigation

Vol 3 (AAC) No 7

Published 1st May 2010

CIF, Beijing’s stalking horse

Beijing’s relationship with the China International Fund is much clearer than it likes to admit. When the Hong Kong-registered CIF signed multibillion-dollar deals with pariah regimes in Guinea and Zimbabwe in 2009, officials of China’s Ministry of Foreign Affairs strenuously insisted that CIF and its Singapore-based sister organisation, China Sonangol, were private businesses that had nothing to do with the government (AAC Vol 2 No 12). At the same time, CIF was placing multimillion-dollar orders for train equipment with China’s state-owned enterprises.

End of preview - This article contains approximately 562 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.