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.
Finance
Singapore's GIC eyes India, Indonesia, Vietnam amid China pivot
Sovereign fund expects 'some time' before deals return in second-largest economy
GIC's Chief Investment Officer Jeffrey Jaensubhakij noted the U.S.-China rivalry has extended beyond trade and technologies issues to capital flows, prompting businesses and investors to rethink their strategy. (Photo courtesy of GIC)
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