China: 'The Best Place to Invest in the Next Five to 10 Years'

The Carlyle Group, one of the world's largest private equity firms, has been in China for nearly a decade and has contributed to the fast-growing private equity industry in China. Why is private equity so important in China now? What are its major challenges? China Knowledge@Wharton recently interviewed David Rubenstein, co-founder and managing director of the Carlyle Group, which was established in 1987 and today manages more than $75 billion in 33 offices around the world.