China gets economic boost from private equity, says report

Not only is China a top destination for private equity (PE) capital, but this investment has had a positive economic and social impact, according to a survey* published on Friday by the European Union Chamber of Commerce in China and US business consultancy Bain & Company. PE, both foreign and domestic, has helped drive improvements in companies' financial performance, social outcomes and company governance, finds the study, the first of its kind to be conducted in China and whic…