China's main sovereign wealth fund is “very concerned” about short-term market fluctuations resulting from instability in the eurozone, according to the fund's president.
However, Gao Xiqing, president of China Investment Corp, told Chinese state media that the ongoing debt crisis would not seriously affect China's overseas investment in Europe. “[China Investment Corp] will keep its investment level in Europe, no more, no less. Short-term fluctuations won't bring serious effect on us,” he said.
Nonetheless, Xinhua, the Chinese news agency, paraphrased Mr Gao as saying: “CIC is very concerned about the short-term market fluctuations amid a threatened eurozone stability.”
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