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SHANGHAI, China (AP) - China plans to double the size of its national pension fund to more than 1 trillion yuan ($143 billion) and ensure that risk control remains its top priority, according to a notice on a government Web site.
The fund had a market value of 516.2 billion yuan ($73.7 billion) at the end of 2007, according to the statement on the site for the National Council for Social Security Funds, which was dated Friday. The fund's average rate of return between 2003 and 2007 was 10.7 percent, the statement said.
It also said the council plans to boost investments in finance, transportation and energy.
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