TPG gives positive outlook on investment in China
By Cai Xiao in Hong Kong | China Daily | Updated: 2012-09-27 07:59
As the price of Chinese companies drops, the global private equity firm TPG Capital has grown increasingly positive about investment opportunities in the country.
According to David Bonderman, founding partner of TPG, economic conditions in Asia are stronger than in the rest of the world and the valuations of Chinese companies before IPO have become increasingly attractive compared with 2010 and 2011.
The company is interested in investment opportunities in Sichuan province, he said on Wednesday.
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