China’s CIC: eurozone ‘concerns’

CIC, China’s main sovereign wealth fund, is “very concerned” about short-term market fluctuations resulting from eurozone instability but the ongoing debt crisis will not seriously affect China’s overseas investment, Gao Xiqing the fund’s president said on Thursday. The Kuwait Investment Authority also affirmed its commitment to eurozone debt. FT Alphaville however notes that China well knows this is no time to undermine confidence in eurozone debt.