China CIC to inject $3.1 billion into Sinosure: sources
BEIJING (Reuters) - China Investment Corp CIC.UL, the country's $300 billion sovereign wealth fund, has won approval from the cabinet to inject 20 billion yuan ($3.1 billion) into the China Export and Credit Insurance Corp (Sinosure), three sources close to the deal told Reuters on Thursday.
Sinosure is the Chinese government's arm that promotes exports, and the agency has provided insurance for $116.6 billion worth of Chinese exports in 2009.
(Reporting by Beijing newsroom; Editing by Ken Wills)
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.