A Chinese sovereign wealth fund has invested c£1bn for 8.7% in the water utility that serves London, in what is the fund’s first UK acquisition following talks with British politicians.
The deal follows a visit to China this week by George Osborne, Chancellor of the Exchequer, who has been urging Chinese investors to inject money into British infrastructure projects.
http://www.ft.com/cms/s/0/7b19ca2e-42c0-11e1-b756-00144feab49a.html#axzz1k0uBCqhC
Mr Osborne also made progress in persuading China to use London as the first non-Chinese centre in collaboration with Hong Kong for trading in the Renminbi (RMB). China, of course is keen on diversifying from its vast investment in the slowly declining US dollar into tangible assets; as well as to establish, in time, the RMB as an alternate global currency; especially as, for the time being the Euro is heading nowhere.
http://www.time.com/time/business/article/0,8599,2104536,00.html
CHINDIA ALERT: You'll be living in their world, very soon 