Gem of the day

For anyone who has had the pleasure of driving down one of America's pot-holed highways recently, it's no hidden fact that the political system isn't the only thing crumbling around the USA.

There's a solution to this ailing infrastructure. And who do we have to thank for putting up the cash? No, not state and local governments.

China. Via the FT:

"China Investment Corporation, the country’s main sovereign wealth fund, plans to invest in the dilapidated infrastructure of developed countries, starting with the UK, according to Lou Jiwei, the fund’s chairman."

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