China Investment Corp., the nation’s sovereign wealth fund, wants to shift more capital to emerging markets from the U.S. and Europe, where the economies are more mature and sometimes less welcoming of Chinese money, according to a top fund official.
“We have patience and we don’t mind turbulence,” Gao Xiqing, CIC’s president, said in an interview Thursday. “It’s a natural shift if you have the risk appetite, and we do.”……………………………………….Full Article: Source