Wednesday, February 1, 2012

Rubenstein Praises China Yet Again

BusinessInsider reported:

Despite all the concerns about a slowdown in China, David Rubenstein, Co-Founder and Managing Director of The Carlyle Group continues to be a China bull.

Speaking at the Bloomberg Link China Conference, Rubenstein said that China's middle class is expanding, its consumer base is growing, and, its government  encourages private equity investments.
Which contributed to Rubenstein's hawking the Chinese capitalistic model at the World Economic Forum.  Rubenstein said he would "put more money into China" if he could.

It seems Rubenstein doesn't have economic freedom, much less the personal version, in China.

Update 2-1-12:  A China bear showed up at the Bloomberg Link China Conference.