NEW YORK -- Oaktree Capital Management, one of the world's top investors in equity and debt of troubled companies, has set its sights on China, according to co-Chairman Howard Marks, who sees the country's economic slowdown as a business opportunity.
"Modern China has never had a recession. One day it will," Marks said in an interview with Nikkei. "They've been stimulating the economy through a lot of credit creation. And these things will not continue forever," he said, pointing to a business opportunity for his firm.