Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions | Hoover Institution
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Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions | Hoover Institution

2024-02-16
One of the keys to China’s global rise has been its strategy of deploying sovereign wealth on behalf of state power. Since President Xi Jinping took office in 2013, China has doubled down on financial statecraft, making shrewd investments with the sovereign funds it has built up by leveraging its foreign exchange reserves. Sovereign Funds tells the story of how the Communist Party of China (CPC) became a global financier of surpassing ambition.Dr. Liu offers a comprehensive and up-to-date analy...
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