Wall Street and the China Market : Morgan Stanley Out : Private Equity In

Wall Street is retreating from China - MarketWatch

Morgan Stanley is reported as retreating from Chinia, but MarketWatch writes that private equity is "in" to China:

"[P]rivate-equity firms -- given the dearth of cheap bank financing and opportunities in the established U.S. and European markets -- have turned their eyes to the so-called BRIC countries, Brazil, Russia, India and China."