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China Builds Stakes in Canadian Mining Companies

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"China Investment Corp., the Asian economic superpower's hulking $200-billion (U.S.) sovereign wealth fund, has been quietly accumulating stakes in resource firms including Canada's Kinross Gold Corp. and Potash Corp. of Saskatchewan, according to a filing with securities regulators," the Globe and Mail reported. "CIC has become one of the world's largest and most important investors as China's economic influence has increased. The fund is allocated a portion of China's $2.4-trillion worth of foreign exchange reserves to invest overseas."