FENGDU, People’s Republic of China – Mainland China companies will soon be able to invest in Taiwan for the first time in 60 years, thanks to investment accords reached between the Association for Relations Across the Taiwan Straits (ARATS) the Straits Exchange Foundation (SEF).

China’s $200 billion sovereign wealth fund, China Investment Corp. (CIC), doesn’t plan to open its wallet to foreign financial firms and banks any time soon.

Got an email from an old friend today who just returned from a trip to China. It was a trip on which a group of investors had face-to-face sessions with some Chinese companies I arranged for them to meet. Also on the trip was a guru from a newer publication that pretends it competes with my Asia Business & Investing newsletter.

Winston Churchill once called Russia “a riddle wrapped in a mystery inside an enigma.” While Russia still isn’t the easiest place to understand, perhaps the deeper riddle these days is how to think about China.

Should Chinese money be bailing out U.S. companies? That’s one of the topics of the widely respected news show “60 Minutes” airing tonight (Sunday). Unfortunately, I’ll be out celebrating my sister-in-law’s 47th birthday tonight, so I’m going to miss it.