CIC Chairman Jin Says Greek Debt Crisis Shouldn't Worsen After EU Plan
The Greek debt crisis shouldn’t worsen after the introduction of the European Union’s rescue plan, Jin Liqun, China Investment Corp.’s supervisory chairman, told reporters at a forum in Beijing today.
Europe’s debt crisis has had a “relatively big” impact on developing nations, Jin said. China’s sovereign wealth fund said last year it had $110 billion for overseas investments.
Developed nations need to “seriously think” about their monetary and fiscal policies, Jin said.
To contact the reporter on this story: Dingmin Zhang in Beijing at firstname.lastname@example.org