SINGAPORE -- Singapore's sovereign wealth fund GIC is looking at investing more in emerging markets such as India, Indonesia and Vietnam, as businesses rush to diversify their production outside China amid rising tensions between Washington and Beijing.
In an interview with Nikkei Asia, GIC's Chief Investment Officer Jeffrey Jaensubhakij noted that the U.S.-China rivalry has extended beyond trade and technology issues to capital flows, prompting businesses and investors to rethink their strategies regarding the world's second largest economy.
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