China invests in Barclay

After China's surprise investment into Blackstone, the question was how China was going to spend the rest of its massive trade surplus and how it would buy the world. Well, next is the British bank Barclays, who needs capital to purchase the Dutch bank ABN-Amro, reports Marketwatch.
A newly formed state-investment department would then obtain 7 percent in equity of the bank. That stake would be smaller if the purchase of ABN-Amro would fail, and according to the Dutch media shareholders would prefer at this stage another consortium of banks that would have a better offer.