Watch for China to become the world's center of private equity within five to 10 years, according to David Rubenstein, co-founder of The Carlyle Group.
Paving the way for this top ranking are strong economic growth, myriad opportunities, little competition and a mostly laissez-faire attitude towards business. The Chinese respect capitalism's power to create a good economy.
David says, "When I'm in Washington, D.C., people are barraging me, saying that I'm not paying enough taxes.... In China, people want my autograph ... private-equity professionals are like rock stars."