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
|