Private Equity attracted by explosive growth: From buying real estate to financing technology firms to partnering with Chinese investors, some private-equity managers say, quite simply, that China is the future. With its economy expanding at four times the rate of that of the United States and with four times as many people, China has enough potential for explosive growth that it could dominate the investment scene for the next centry. economists say.
Page D3: Michael Pralle, a real estate investment executive, McLean, said urban land values could go off the charts as a wave of people nearly twice the population of Japan are expected to migrate from rural areas to cities, creating massive demand for housing, offices and retail stores.This century will be China's century in the way that the 20th century was America's century or the 19th century was the United Kingdom's century. China will be the most important economic phenomenon of our generation.
TPG, a Texas firm known in China for providing $350 million to Lenovo so it could buy IBM's computer hardware business.
My comment: I have sent blogs during the past years as a student of economics with vision to be shared by other economists as investors via Washington Post,Business Section today as headlines. Francis Shieh aka Xie Shihao. Nov. 13, 2007 at 10.07 a.m.
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