China, Goldman Sachs to Invest $5 Billion in US Manufacturing
NEW YORK--China Investment Corp., China's richest sovereign wealth fund, is teaming up with Goldman Sachs to invest at least $5 billion in mostly U.S. manufacturing, a person familiar with the matter told CNNMoney. China Investment asked Goldman Sachs to partner with it on the private-equity fund, which will deploy money into manufacturing, industrial, consumer, healthcare and other U.S. businesses. MORE
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