Long-term investors of China assets should look beyond GDP figures and find opportunities on the micro-level, Wu Yibing, Temasek Holdings Pte. Ltd.’s head for China, said in an interview with Caixin last week.
The Singaporean state-owned company mainly invests in four areas in China — digitalization, sustainability, life sciences and new consumption — representing at least half of China’s GDP, according to Wu. Because Temasek’s investments tend to be from the bottom up, macroeconomic trends aren’t necessarily the most important factor to watch out for when seeking opportunities on a granular level.
