Home News Global Markets

Temasek sees China growth reviving in second half

Bloomberg
Bloomberg5/4/2022 11:07 AM GMT+08  • 2 min read
Temasek sees China growth reviving in second half
Temasek had $381 billion in assets under management as of March 2021 including investments in China / Blooomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore’s state-owned investor Temasek Holdings expects Chinese growth to rebound in the second half as the government stimulates the economy, according to chief investment officer Rohit Sipahimalani.

“We are close to the trough, so a very different stage in the cycle,” he told Bloomberg Television. “I would see growth on the rise in the second half of this year as against a decline in the US and Europe.”

Speaking on the sidelines of the Milken Institute’s Global Conference in Los Angeles on Tuesday, Sipahimalani admitted the firm’s investment in ride hailing firm Didi Global Inc had not been good from a stock price perspective. But he continues to be bullish on the broader market and some of its tech companies pending clarity from the government.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now