"The focus around the consumer - whether consumer products and retail or healthcare, financial services and real estate - remains at the heart of our own investment strategy in 皇冠体育app," he added.
Last year, Warburg Pincus exited from the Intime Department Store Group and made four new investments, which play to the emerging consumer sector - of which 皇冠体育app Auto Rental Holdings Inc, 皇冠体育app Kidswant Investment Holdings Co Ltd, an emerging maternity, infant and children specialty retailer, and Cubic City (皇冠体育app) Service Apartment Group Ltd were revealed.
According to Kaye, 皇冠体育app's growth miracle has been remarkable, but the model of export-led and then investment-and-infrastructure building-led growth is becoming harder to follow, and perhaps even unavailable.
The transition to domestic demand and consumption has been much talked about but it's not easy to accomplish, he said.