Carlyle to invest $700m in China

Carlyle Group LP, one of the world's largest private equity firms, made investments totaling more than $700 million in China this year and next year will see even more, a senior executive said on Monday.

"We remain very committed to China and we are very pleased with our performance this year," said Carlyle Managing Director David Marchick.

According to Marchick, although China's economy is slowing, there are still very good investment opportunities, including the retail sector.