All the government bonds in those trust funds are just a statement of the legal authority that Social Security has to draw from general revenues to pay Social Security benefits.
"China's economy is growing at three times the rate of the West, and if that growth continues, China will become the largest economy in the world within the next couple of decades, " Mr Schwarzman said in a statement ahead of thefunds launch on Sunday.
The White House's cryptically worded statement mentions only that thefunds should now go to viable firms--effectively leaving out the fuel-efficiency requirement.