stunning

This has got to be one of those earth-shifting moments in history: China announced it will invest US$ 3 billion in private equity firm Blackstone Group. That will represent about 8% of the firm that, according to the New York Times, "owns companies that have 375,000 employees and $ 83 billion in annual sales".
China is sitting on a huge war chest estimated at $ 1.2 trillion in foreign reserves and they've been looking for options on how to invest it. One of their models is Singapore's Temasek Holdings, the investment arm of the Singaporean government, which holds stakes in several companies, ranging from financial institutions to telcos, based in Singapore and abroad. Keep an eye for more moves like this.
Who could've told this a few years ago?