| The world’s biggest sovereign wealth fund isn’t about to lose its faith in China. The $870-billion (U.S.) fund, built on Norway’s oil riches, says the current selloff and policy shifts from China’s leadership won’t change its long-term view on the world’s second-biggest economy, where it’s prepared to increase its investment.
“We’re following the movements there and we see that they are steadily opening and taking steps in the direction of opening up the markets,” Ole-Christian Bech-Moen, chief investment officer of allocation strategies, said on Tuesday in an interview during a conference in Oslo. “We’re thinking long-term, so the short-term policies there and policy shifts – it’s not that important for the longer-term strategic thinking.”..............................................Full Article: Source
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