China is still an important market even if investors diversify from it now, says Peak XV

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China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.

India and Southeast Asia are benefiting from the China Plus One strategy, as businesses diversify operations away from China amid escalating U.S.-China tensions.

"In the very long term, if you take a 10, 20, 30-year view, if you assume that geopolitics will find some new normal, China is going to be a huge economy, and good businesses will be built in China," Singh told CNBC's Tanvir Gill.China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S.

"In the very long term, if you take a 10, 20, 30-year view, if you assume that geopolitics will find some new normal, China is going to be a huge economy, and good businesses will be built in China," Singh told CNBC's Tanvir Gill.– Sequoia Capital in the U.S. and Europe, Peak XV Partners in India and Southeast Asia and HongShan in China. The move came amid increasingly strained relations between Washington and Beijing.

 

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