As the crisis unfolded last autumn, deals stalled. Companies did not want to sell at distressed prices and no one wanted to buy in the middle of a collapse. Slowly fear has dissipated and the market has begun to reopen. TPG will receive large returns not only from Myer, but also from a unique (for a foreign firm) controlling investment in a large Chinese financial institution called Shenzhen Development Bank. It has also made sizeable new investments in Wumart, a Beijing-based grocer, and Daphne, a women's shoe retailer in China. It is close to an investment in a finance company in India.
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As the crisis unfolded last autumn, deals stalled.
随着自去年秋天开始的金融危机,交易开始停止。
With global trade talks stalled, Asian-Pacific nations forged ahead with individual deals opening the flow of goods and services within the economically vibrant region.
着全球贸易谈判陷入僵局,亚太地区国家开始自行签署协议,为这个经济充满活力的地区的商品和服务流动敞开大门。
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