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Sovereign Wealth Funds Briefing - Categorized | Market, People

Norway oil fund betting on ‘quite high’ China growth, CEO says

Posted on 12 August 2013

The head of the world’s biggest sovereign wealth fund said investing in China hasn’t lost its allure even after economic growth slowed. “We’ve noticed that there has been a change in perception about Chinese growth in the years coming,” Yngve Slyngstad, chief executive officer of the $760 billion Government Pension Fund Global, said in an Aug. 9 interview in Oslo.
“However, the growth that is expected by the authorities is still quite high. We still have confidence that long-term prospects for China are quite good.”……………………………………….Full Article: Source


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