China stages retreat from CanadaThree strategic moves by China’s sovereign wealth fund have turned sour, forcing Chinese government to rethink exposure in Canada GARY PARK For Petroleum News
A C$1.9 billion investment stake in the Alberta oil sands sector is not enough for China’s huge sovereign wealth fund to continue operating an administrative office in Canada — the clearest signal yet that Beijing sees little hope of further expansion in Canada’s battered resource industry.
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