PE Hotspot: Firms Do Uneasy Dance With Chinese Rulers

Law360, New York (November 2, 2011, 12:04 PM EDT) -- Western private equity investors craving a stake in China's exploding economy are in a constant game of cat-and-mouse with the nation's powerful, yet mercurial, government, but the potential for profit — and the belief that growth will last — makes it unthinkable not to play.

The allure is so great that foreign firms set aside more than $35 billion for investments in China over the last 10 years, according to research by Ernst & Young Global Ltd. and the Emerging Markets Private Equity Association.

In the...
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