Aug 3
When 16-year-old Chinese swimming sensation Ye Shiwen stepped out of the pool and was draped with the gold medal after winning the women's 400-meter individual medley at the London Olympic Games last Saturday at the Aquatics Center, it should have been a moment for her to enjoy the spotlight as family and friends back in China celebrated her success.
It might be too early to call it "normal," but since Chinese investors went after the NBA Cleveland Cavaliers basketball squad in 2009, the latest news that a Chinese investment group is now looking to purchase Liverpool F.C. doesn't seem all that surprising. Except for the little issue over the fact that it is the China Investment Corporation, a state-owned company established in 2007 under the Ministry of Finance using 1.55 trillion RMB. The corporation is charged with managing part of the country's foreign reserves, and is one of the world's largest sovereign wealth funds.
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