China’s journey in the last decades has been nothing short of extraordinary. Hundreds of millions have been lifted out of poverty while hundreds of millions more have joined the new middle class. Furthermore, a new generation of billionaires are recreating capitalism both inside and outside the mainland. China’s global influence is expanding and within a decade its economy is expected to overtake America’s.
As China’s importance in the world economy has grown, investors’ appetite in venture capital, private equity and capital and real estate markets remains is potentially growing. However, significant challenges persist. Goldman Sachs CEO Lloyd Blankfein has said that the Chinese government is “going to have to build up bigger equity markets inside China to create the securities that pools of capital need to have.’’