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Michael Pettis: State-backed investors fund over 90 percent of China private equity

Michael Pettis: State-backed investors fund over 90 percent of China private equity
China private equity funding tops 90 percent

Michael Pettis, economist, professor of finance, nonresident senior fellow, author, macroeconomic analyst at Peking University and Carnegie Endowment for International Peace, highlights that China's venture capital and private equity sectors are predominantly financed by state-affiliated investors.

According to Pettis, last year over 90% of committed capital in China’s private-equity market came from state-backed sources, rising sharply from just under 79% in 2021.

Pettis has previously critiqued the McKinsey Global Institute report for conflating issues around global trade imbalances. He has also highlighted concerns voiced by Stephen Roach that global imbalances could pose risks to China reminiscent of the 2008-09 economic crisis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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