Goldman Sachs, China's sovereign wealth fund CIC to launch up to $5b fund

Goldman Sachs, China's sovereign wealth fund CIC to launch up to $5b fund

FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo

Goldman Sachs is partnering with sovereign fund China Investment Corp (CIC) to jointly launch an up to $5 billion fund to invest in U.S. manufacturers, according to people familiar with the situation.

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