Developed economies around the world have shown their inability to solve structural economic problems, Gao Xiqing, President of China Investment Corp., the country's $410 billion sovereign wealth fund, said Thursday.
Meanwhile, developing economies are in no better shape, as their economies typically fall along with developed economies and fluctuate to a greater degree, he said at a conference.
China looks to be an extraordinary case due to the strong central government control of its economy, but this isn't necessarily a good thing, he said.
China can use government policies to stimulate and shape the economy in the short term, "but in the long run, you can't beat market forces."
Gao added that CIC sees opportunities to invest in infrastructure in the U.S., the U.K. and Canada.
