A look at one of Asia’s largest private equity firms, after one of its executives issued a sharp warning about China's economy.
Shan Weijian, co-founder of PAG. Credit: Anthony Kwan/Bloomberg via Getty Images
From surviving the Cultural Revolution to ascending the highest echelons of the financial industry, Shan Weijian's savvy has carried him far. But the co-founder of PAG, one of Asia’s largest private equity firms, made headlines recently after his criticism of China’s management of the economy and its zero-Covid strategy found its way into the Financial Times.
In a leaked video of a private meeting with PAG’s fund investors, Shan is quoted as describing the Chinese economy as “in the w
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