World Bank discusses investing in Africa with China Investment Fund

BEIJING -- World Bank President Robert Zoellick said he is talking to Chinese government officials about cooperating on investments in Africa, which he said could help boost the continent's economic growth.

Mr. Zoellick told reporters Wednesday during a visit to the Chinese capital that China Investment Corp., the nation's sovereign-wealth fund, has expressed interest in investing in the World Bank's recently launched asset management company, which invests private-sector funds into places like sub-Saharan Africa and Latin America.

World Bank President Robert Zoellick
On Wed, stated he will press Group of 20
for more aid to developing countries [WSJ]

"CIC expressed interest in this as a commercial investment vehicle, but obviously there is no decision yet on their part," Mr. Zoellick said. Other sovereign-wealth funds and pension funds are also interested in the new investment vehicle, he said, which manages some $4 billion in funds.

Click here to read J.R. Wu and Andrew Batson's complete article at the WSJ

Chinese petitioners demand rights -- Reuters Video

Protests hit the streets of China last week when a high profile Chinese academic asserted many people in China have been forced into mental health clinics, despite being healthy.

"We hate Beijing's petition, but all the people we have met are corrupt. We have no rights."

Says one protester who identified himself as Xiejiang Hui who been present at every gathering so far in China.