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Business

Temasek's China bet has paid off but times are getting harder

Singapore sovereign wealth fund faces new challenge as Chinese assets waver

Singaporean sovereign wealth fund Temasek Holdings has profited hugely from its investments in China as the country's economy has grown.   © Reuters

SINGAPORE -- Sovereign wealth funds in Singapore have long played a key role in the city state's wealth-building. Temasek Holdings, in particular, has greatly contributed to this effort by betting heavily on China. But recent declines in Chinese stocks and the yuan are testing its skills and ingenuity.

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