Anyone who wanted more proof of how Qatar insulates itself from risks by being "everyone's friend" got it yesterday. Qatar's sovereign wealth fund completed the acquisition of 10% of the shares of Chinese asset management company China Asset Management Co (ChinaAMC).
Qatar invested at least $490 million in the deal in the Chinese company, whose investment portfolio is worth about $250 billion.
This move by Qatar is not expected to be well received in Washington.
It should be noted that the Chinese company ChinaAMC invests, among other things, in leading Chinese technology companies in areas such as semiconductors, software, the Internet, and artificial intelligence that are considered sensitive by the United States due to potential use for military purposes.