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.