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Carlyle CEO sees China opportunities from decoupling as it raises $130bn

Lee highlights Chinese economy's consumer pivot amid US friction

Carlyle CEO Kewsong Lee sees "so much opportunity" in China despite its economic decoupling from the U.S. (Photo courtesy of Carlyle Group)

NEW YORK -- Even with Beijing and Washington still trading barbs under U.S. President Joe Biden's administration, private equity giant Carlyle Group and its CEO Kewsong Lee see "massive opportunities" in the Chinese market and throughout Asia.

The Washington-based company, which boasts $260 billion in assets under management worldwide, aims to raise another $130 billion-plus by 2024 for funds under its umbrella, with its sights set on growth investments in markets including China, India and Japan.

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