GIC, a Singaporean sovereign wealth fund that manages more than US$100 billion, will keep its China holdings, despite its statement that China’s slowdown and credit crunch will affect global investment, Bloomberg ;reported. “It's systemically important,” GIC Chief Economist Leslie Teo said in an interview on Thursday, calling the nation a "key driver for global markets." Full story
Related:
GIC Says China Slowdown to Affect Outlook for Global Investments - Bloomberg
