CHINA

CalPERS to Make Investments: The California Public Employees Retirement System pension fund, the nation’s largest public pension fund, said it will begin investing in China. Patrick Hill, assistant public affairs officer for the $80-billion fund known as CalPERS, said China will join the pension fund’s “category B” list. Among the 10 countries on this list are Argentina, Indonesia, Turkey, Israel and South Africa. Countries are admitted into this category based on several factors such as political stability, gross domestic product growth, and regulatory agencies. The maximum allowed investment in all the countries in category B in aggregate is about $2 billion. Hill didn’t specify whether investment has started in China.