PT - JOURNAL ARTICLE AU - Francis Bassolino TI - Private Equity in China AID - 10.3905/jpe.2002.320013 DP - 2002 May 31 TA - The Journal of Private Equity PG - 44--52 VI - 5 IP - 3 4099 - https://pm-research.com/content/5/3/44.short 4100 - https://pm-research.com/content/5/3/44.full AB - At 35%, China has one of the highest savings rates in the world. It also has one of the largest stockpiles of foreign reserves, estimated at US$221 billion. The ownership of inefficient state enterprises is declining. Banks are very poor lenders, with reports of 50% loan defaults. There is a huge demand for investment vehicles, such as mutual funds, so that the average Chinese investor can reap the rewards of diversification. This article discusses the significant changes that are happening now in China, and suggests ways to take advantage of the opportunities now available.