Money has flooded China’s private equity market in recent years — but just how bad a deluge is it?
“Even when I go to for a haircut, my barber is talking about investing in private equity,” Chang Sun, managing director of Warburg Pincus, said at the SuperReturn China forum in Beijing Tuesday. “The net result is that there’s a huge influx of new entrants into the private equity business and they’re pushing prices up.”
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