Home/Forex News Round Up

China Seeing a Rise of Protectionism in Some Countries

Share Print 0

China is increasingly facing resistance within countries where it’s trying to invest, according to a top official at the country’s sovereign wealth fund.China Investment Corporation (CIC) will probably gain investment opportunities thanks to an ongoing global economic recovery, but it is also “facing more difficulties and challenges” related to “protectionism,” Tu Guangshao, vice chairman and president of CIC, told CNBC on the sidelines of the Asian Financial Forum.”As CIC and China make more foreign investments, we’re seeing the rise of protectionism in some countries and regions, be it the U.S. or Europe. They’re making some protectionist moves, some specifically targeting China,” Tu told CNBC in Mandarin.

Source: China wealth fund faces ‘protectionism,’ says CIC president – CNBC

When it Rains, it Pours

Gold Pushes Higher Against Sagging Greenback

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
, ,
Back to Top