Zongyuan Zoe Liu Profile picture
Fellow for International Political Economy @cfr_org. Author of Sovereign Funds: How the CPC Finances its Global Ambitions. Opinions are my own. RT≠endorsement.
Jun 20, 2023 10 tweets 2 min read
Officially released! My new book "Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions" is about the geoeconomics of China's sovereign funds and FX reserves management. A 6-part thread of key arguments:
amazon.com/Sovereign-Fund… 1. Sovereign Leveraged Funds (SLFs): China's sovereign funds are different from commodity-based SWFs b/c their capitalizations have used either explicit or implicit leverage. China's experience with SLFs shows to the world how a state without commodity wealth can have SLFs.