Report: China's Sovereign Wealth Fund Open to Invest in Trump's Infrastructure
Chairman of the China Investment Corp. says foreign investors could help the president-elect’s infrastructure plan
Ding Xuedong, chairman of the China Investment Corp., says president-elect Donald Trump’s plans to attract investment for infrastructure could be a boon to foreign investors.
"Trump calls for expansionary fiscal policy and more investments in U.S. infrastructure. The upgrades and the expansion mean massive investment," Ding told CNBC in translated comments. "The U.S. government doesn't have the money, private investors in the U.S. don't have the money and this is where the foreign investors come in."
According to a report, Ding says China’s experience and success in infrastructure lends itself well to investing in the U.S. The Sovereign Wealth Fund Institute has ranked CIC as the world’s second largest sovereign wealth fund at roughly $813.8 billion.
"We hope the U.S. will not have any double standards or bias, but have a level playing field for foreign investors, including China. If so, I see lots of opportunities in the U.S.," he said.