China is diversifying away from China. The move by the country’s sovereign wealth fund comes as other big investors warn of potential risks facing the mainland.
2016 represented the country’s biggest year for outbound investments as China’s sovereign wealth fund, one of the largest, switched from domestic assets in favour of those overseas.
The action by the $814bn China Investment Corporation came as Singapore’s rival sovereign wealth fund Temasek warned that Beijing may face a credit crunch.
