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Sovereign Wealth Funds Briefing - Categorized | Market, People

China Investment Corp.’s Gao Xiqing: Economy “still on right track”

Posted on 10 October 2012

On the rare occasions when the vice chairman and president of China Investment Corp. speaks on the record, investors listen. But if the audience convened by the Economic Club of New York last Friday in midtown Manhattan expected Gao Xiqing to divulge any of the sovereign wealth fund’s investment secrets or telegraph CIC’s next move, they were sorely disappointed.
Gao prudently limited his comments to his own views and mostly focused on his positive long-term outlook for China’s economy, notwithstanding the continued darkening news, including, just yesterday, the World Bank’s downgrade of its growth forecast for the world’s second largest economy from 8.2% to 7.7% for this year. That’s well below the 9.3% growth that China recorded in 2011………………………………………..Full Article: Source


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