SINGAPORE’S giant state investment firm Temasek Holdings is “still excited about the China market,” a senior executive said, even as investing in the world’s No.2 economy has become more challenging amid a slowdown and tension with the West. Speaking at the Milken Institute Asia Summit in Singapore yesterday, Temasek’s head of China, Wu Yibing, said he sees attractive opportunities in China in areas such as advanced manufacturing and energy transition. “While people tend to look at the weakness in the traditional sectors such as the traditional manufacturing or real estate, and then people tend to overlook that these emerging sectors,” Wu said. China makes up 22% of the portfolio of Temasek, which is ranked among the top 10 investors in the world with net portfolio value of S$382 billion (US$281 billion) as at March 2023, according to its website. Its investments include Chinese e-commerce firm JD.com, tech giant Alibaba and China’s second-largest lender China Construction Bank. Meanwhile, Singapore sovereign wealth fund GIC is “doubling down” on certain sectors in China that it likes, said CEO Lim Chow Kiat at the same summit. “We think China is definitely investable,” he said. “There’re certain sectors in China which are world leading, green technology.” (SD-Agencies) | 