Google stock shunned by China
It's no Apple
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China has released its first public disclosure of its US stock investments, and there's one profitable, fast-growing company that's conspicuous by its absence: Google.
The list of US companies in which the China Investment Corporation (CIC) holds stock totals 68, adds up to a cool $9.63bn, and is spread across a wide swath of market segments.
In the tech sector, CIC is bullish on Apple, to which it has tossed $6.3m. The Middle Kingdom's financial mandarins also have $3.9m invested in Motorola, $1.5m in Sprint Nextel, and $1m in Research in Motion. The heftiest chunk of change is well outside the digital domain, however: a $3.5bn investment in mining company Teck Resources.

Google's one-year stock performance paralleled that of...

...Apple, but earned it no love from China's moneymen (credit: Yahoo! Finance)
But not a dime for Google. And sorry, conspiracy theorists, China's Google stock-shun apparently has nothing to do with Google's recent claims that it was cyber-attacked by hackers inside China. Google unveiled its China hack claim in January. The CIC stock-investment release covers the year ending December 31.
Well, Google does say that the cyber attacks were actually carried out in December. So if you really want to find a conspiracy theory, you can. ®
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COMMENTS
billions or trillions?
the article says "...adds up to a cool $9.63bn..."
shouldn't that be at least hundreds of billions? if China has only invested a mere 10 billion or so in US stocks then they are a lot further away from global financial domination than the press would have us believe.
billions or trillions?
"...adds up to a cool $9.63bn..."
shouldn't that at least hundreds of billions? if China has only invested a mere 10 billion or so in US stocks then they are a lot further away from global financial domination than the press would have us believe.
Not investing in an Internet only firm?
Maybe they've longer memories than the stock market johnnies in the west
(grenade is the closest to a time bomb I could find)

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