China's $1 trillion sovereign wealth fund has hooked up with Goldman Sachs to buy US firms

Reuters report that China's $1 trillion sovereign wealth fund (China Investment Corp (CIC)) is scouting for long-term investments in the United States

• Have established a $5bn fund with Goldman Sachs
• $2.5bn has been raised already
• China-U.S. Industrial Cooperation Fund, launched in November 2017 on the sidelines of former U.S. President Donald Trump's visit to Beijing, has completed two investments in the United States