China May Invest in Europe

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China is starting to wonder about the USA enough that it may invest start doing some serious investing in Europe:

China sovereign wealth fund may invest in Europe
AFP – April 20, 2009
China’s sovereign wealth fund is considering investments in Europe, the head of the 200-billion-dollar organisation was quoted as saying in the Financial Times on Monday. Lou Jiwei, chairman of the China Investment Corporation, said the fund might turn to the continent after initially shunning it because European officials had voiced concerns about its transparency and motives. “I have to thank these European officials,” Lou told a regional forum in south China over the weekend. “They saved me a lot of money. Now they come to me without conditions and I am beginning to consider making investments in Europe again.”

During a trip to Beijing in February last year, Peter Mandelson, then the European Union trade commissioner, called for a global code of conduct for sovereign wealth funds.

While the China Investment Corporation has not been a major player in Europe since its establishment in 2007, it has made several high-profile and costly investment decisions in the United States.

Among them was a five billion dollar investment in Wall Street giant Morgan Stanley in December 2007 which saw the fund rack up almost four billion dollars in unrealised losses as the bank was hit by the credit crisis, earlier state media reports said.

The fund was set up to help China find more lucrative ways to place its massive foreign exchange reserves, which now stand at 1.95 trillion dollars and are parked mainly in low-yield instruments such as US Treasury bonds.

However, the fund has so far not lived up to expectations, partly because of its launch date, shortly before the global financial crisis, while at the same time raising suspicions abroad about China’s intentions.

The EUs position against gaining massive amounts of debt have had to have had an effect on the cautious Chinese.  And the fact that many suspect that the financial health of the USA is fragile, must also be a major factor.

Of course, as regular readers of the COGwriter page are aware, the Bible tells of a soon coming time when the Beast power in Europe will be the major economic leader of the world.  Events continue to show the fulfillment of these and other biblical prophecies.

Several articles of possibly related interest may include:

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for China? Is it a “King of the East”? What will happen to nearly all the Chinese, Russians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? What is ahead for Europe?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. Here are there biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article on this page on Barack Obama prophecies.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”, based up an early 20th century writing.

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