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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek, Blackstone Group bet on Chinese economy

Posted on 15 July 2014

Singapore’s sovereign wealth fund Temasek Holdings and American asset management firm Blackstone Group both maintain a positive outlook for the Chinese economy despites its slowing growth, reports the Shanghai Securities News. Both of the companies’ senior managers said markets have been overly concerned with China’s slower growth and predicted that a major financial crisis is unlikely to take place in the country.
Stephen Allen Schwarzman, Blackstone Group’s founder, said some investors have stopped or suspended their investments in the country after it shifted down the gears. However, his firm has seen it as a great opportunity and spent US$539 million to buy Chinese software company Pactera Technology International………………………………………..Full Article: Source


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