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NEW: China's $1.3 trillion fund giant once bailed out Morgan Stanley. Now it's being increasingly shut out of the US as the world's two largest economies decouple.

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Bloomberg.com The Waning Ambitions of China’s $1.3 Trillion Fund Giant China’s $1.3 trillion sovereign wealth fund spent years as one of the most sought-after investors in the world. It owned massive stakes in Blackstone Inc. and Morgan Stanley, struck deals with Goldman Sachs Group Inc. and plowed tens of billions of dollars…
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