This allowed the new business, once local-government approval was obtained in China, to accept foreign private-equity money invested into the overseas holding company, while abiding by the letter of Beijing's restrictions on foreign investment in domestic enterprises.
Among those left cowering in the basement as American commandos hunted the bombers was Norway's foreign minister, Jonas Gahr Stoere, who had been holding a meeting in a place seen as secure.
But holding a portion of one's wealth in a basket of foreign currencies is advisable, he says, as a portion of one's consumption over time comes from foreign goods produced both in developed and emerging markets.