Norway’s investment in China welcome despite rows

A Norwegian bank’s investment in Chinese financial institution in December 2013 provided proof that China has nonorgesbank problem accepting cash from a country it has engaged in diplomatic dispute with, even one which faces serious accusation of meddling in its internal affairs.

On 12 December 2013 Norges Bank Investment Management, Norway’s sovereign wealth fund, was part of a consortium of investors that pumped US$1.1 billion into asset manager Cinda’s initial public offering.

Sino-Norwegian relations were frozen in 2010 after the Nobel Committee awarded the Nobel Peace prize to jailed Chinese dissident Liu Xiaobo.

Read more: Reuters

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