The head of China's flagship sovereign wealth fund is looking to invest in Europe after expressing relief that snubs from the continent saved Beijing from embarrassing investment losses last year.
Lou Jiwei, head of China Investment Corp, said he was pleased he did not make a single trip to Europe in 2008 after EU officials expressed concerns about his fund's transparency and intentions.
But speaking at the Boao Forum for Asia, China's riposte to the annual World Economic Forum meeting in Davos, he said he was considering investing on the continent again, now that European officials have been humbled by the global financial crisis.
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