CCP-controlled China Investment Corporation replaced Norway’s SWF as the world’s largest sovereign wealth fund. While the latter reported a loss in 2022, CIC has reported a profitable return.
The crude flows in the Strait of Hormuz largely originate from Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, and Qatar and move to China, India, Japan and South Korea.
Analysis of IAF proposal shows that the true Make in India component is much lesser than expected, therefore negotiations will focus on increasing that component.
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