Carlyle Bets on China's Middle Class in Hotel Deal

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July 5 (Bloomberg) -- Bloomberg's Cristina Alesci reports that Carlyle Group LP, the world’s second-largest private-equity firm, acquired a controlling stake of 49 percent in China’s Mandarin Hotel Holdings Ltd. to tap the country’s mid-tier hotel market. The move comes as China cut benchmark interest rates for the second time in a month, stepping up efforts to reverse a slowdown in the world’s second-biggest economy. She speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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