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China urges the U.S. and Europe to invest in infrastructure
Posted 29/11/2011 07:20 AM
BEIJING (Reuters) - Lu Ju, chairman and CEO of China Investment sovereign wealth fund in China should be on Europe and the United States to increase investment in infrastructure to promote global economic recovery.
The head of the fund, which invests $ 410 billion of China's sovereign wealth in remarks published by People's Daily on Tuesday that he should not be considered to China as the sole engine of global economic growth because domestic consumption is relatively weak.
He said the emerging economies, including China, suffering from high inflation rate, which limits the extent of any stimulus plan or a huge investment.
He added that before the advanced economies an opportunity to increase investments in light of expectations of low inflation.
He said if "should be taken by the United States and European countries, effective measures to support investment in infrastructure to give new impetus to the global economy and revive the confidence of the market."
His comments came two days after announcing that his company is keen to invest in the crumbling infrastructure of the Western countries and especially in Britain
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Posted 29/11/2011 07:20 AM
BEIJING (Reuters) - Lu Ju, chairman and CEO of China Investment sovereign wealth fund in China should be on Europe and the United States to increase investment in infrastructure to promote global economic recovery.
The head of the fund, which invests $ 410 billion of China's sovereign wealth in remarks published by People's Daily on Tuesday that he should not be considered to China as the sole engine of global economic growth because domestic consumption is relatively weak.
He said the emerging economies, including China, suffering from high inflation rate, which limits the extent of any stimulus plan or a huge investment.
He added that before the advanced economies an opportunity to increase investments in light of expectations of low inflation.
He said if "should be taken by the United States and European countries, effective measures to support investment in infrastructure to give new impetus to the global economy and revive the confidence of the market."
His comments came two days after announcing that his company is keen to invest in the crumbling infrastructure of the Western countries and especially in Britain
[You must be registered and logged in to see this link.]
