Lou Jiwei, an executive at the China Investment Corporation (CIC) wrote in an op ed piece in the Financial Times. He stated the United States and Europe needs more investment in infrastructure, especially the United Kingdom. Many popular politicians on both sides of the pond agree that the West can spur some demand by repairing and building infrastructure. A number of the larger sovereign wealth funds are willing to fill the finance gap, but want domestic managers to share the risk. Infrastructure spending can be a good or bad thing for deficit-plagued economies depending on the funding sources. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]
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