China we believe will remain very hot and probably be the number one market. |
One of the challenges for private equity, which we've been working hard on, is how to get the leverage into the deals in China. That historically has been a barrier and inhibited deal size. |
There's very strong encouragement for Chinese banks to welcome in a foreign investor taking a stake and bringing in know-how. We'll see that trend continuing throughout this year. |
We've certainly seen significant funds being raised in the past year. That actually has the private equity firms searching for more deals than they have in the past. |