Temasek to invest more in China's consumer sectors

Singapore's state-owned investment firm Temasek Holdings Pte Ltd is optimistic about the world's second biggest economy and it plans to bet more on consumer-related sectors in China, two of its leading executives said.

Wu Yibing, joint China head, said Temasek is targeting sectors such as healthcare, tourism, and education that will benefit from the rise of the Chinese middle class and the rebalance of the economy toward a consumption and service-driven one.

"Overall, we are cautiously optimistic about the Chinese economy and we believe the country is capable of achieving a successful economic rebalance," Wu said.