GIC Says China Slowdown to Affect Outlook for Global Investments

GIC Pte, manager of more than $100 billion of Singapore’s reserves, said China’s slowdown and credit crunch will affect global investments even as the fund plans to maintain its holdings in the nation.

“It’s systemically important,” GIC Chief Economist Leslie Teo said in an interview yesterday, calling the nation a “key driver for global markets. ‘‘It will affect global equities, including private equity. It will also affect emerging-market equities.’’