Hony Capital, a Chinese private equity firm that says it has about $10 billion under management, is in a potentially tight spot as Beijing implements capital controls and anti-globalist rhetoric grows more popular throughout the world.
But John Zhao, Hony Capital`s CEO, struck a positive note in a Saturday interview with CNBC at the China Development Forum, pointing to the guidance of China`s leadership.
"There are issues: The two countries represent a different political system, different history, heritage, people in terms of culture are also very different," Zhao added.
"Yet Beijing itself has clamped down on capital outflow, and Zhao offered a frank assessment of that situation.
"My view is that China and the U.S. relationship will not sour because there is too much interdependence building already," he said.
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