New Pacific Consulting Survey Shows Funds Overwhelmingly Predict Greatest China Growth in Energy and Agriculture
Released on: October 29, 2008, 8:33 pm
Press Release Author: Mei-Mei Zhao
Press Release Summary: New Pacific Consulting recently conducted a poll asking leading funds which industrial sector in China would show the most growth in the upcoming years. The funds overwhelmingly predict greatest China growth in energy & agriculture.
Press Release Body: Agriculture and Power/Energy emerged as the clear sectors with the greatest growth potential in this month's NPC PE Poll. In response to the question: In which industrial sector do you see the most China growth in the next 2 years? Over half of respondents chose either the energy or agriculture sectors: Agriculture 29%, Power/Energy 29%, Industrial Equipment 10%, Chemical 8%, Building 4%, Auto 4%, Industrial Materials 4%, Metals 4%, Pulp/Paper 2%, "no significant growth in 2 years" 2%.
The survey sampled over 200 respondents primarily from funds with active China investments, as well as a secondary sample comprised of leading global funds, and select intermediaries.
"Even with deal flow basically stagnant the last 2 months we have seen increased requests for due diligence on agriculture and energy related targets. Within a few months we should see a disproportionately high share of private deals in these two sectors." -Matt Fish, Managing Partner, New Pacific Consulting
"China is the world leading producer in mainly agriculture sub-sectors, but farming practices in China remain backward, often inefficient and result in high wastage and contamination. There is a fundamental need for players in the sector to seek outside capital to improve their operations to meet continued demands from government regulators and Chinese consumers as well as overseas customers." -Steve Pang, Managing Director, New Pacific Consulting (Agriculture Practice)
About New Pacific Consulting New Pacific Consulting is strictly focused on China industrial sector due diligence and portfolio growth strategy. The firm employs over 30 China based consultants, with sector teams covering construction, industrial equipment, chemicals, power/energy, paper, auto parts and agriculture.
For more information, please visit our website at www.newpacificconsulting.com
Web Site: http://www.newpacificconsulting.com
Contact Details: New Pacific Consulting 299 Tong Ren Road Shanghai, China 20040 +86 21 3360 7776