Source:
https://scmp.com/business/china-business/article/1404996/chief-chinas-wealth-fund-bullish-us-private-sector
Business/ China Business

Chief of China's wealth fund bullish on US private sector

China fund sees opportunities in infrastructure after private sector recovery in the US, Europe

Natural gas is flared near a crude oil well site in North Dakota. CIC is targeting investments in shale gas firms in the US. Photo: Bloomberg

China's sovereign wealth investment fund is poised to launch a buying spree in global infrastructure projects and advanced technology companies after deleveraging in the US and European private sectors has run its course, its chief said.

However, Ding Xuedong, chairman and chief executive of the US$575 billion China Investment Corporation, cautioned that the outlook for US investments could be clouded by the tapering activity of the US Federal Reserve.