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Sovereign Wealth Funds Briefing - Categorized | Trends

China wealth fund CIC warns of bleak eurozone outlook

Posted on 17 December 2012

China’s sovereign wealth fund China Investment Corp said it is “not optimistic” about the outlook for the debt crisis in the eurozone, but will consider investing more in the region if countries create a more friendly environment.
Jesse Wang, an executive vice president at CIC, said Europe needed more time to increase fiscal revenues to lift itself out of the crisis. “I think the outlook for the European debt crisis is not optimistic yet,” Wang said on Sunday at a forum in Sanya in the southern tropical Hainan island………………………………..Full Article: Source


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