U.S. regulators could learn a thing or two about pragmatic policies from their Chinese counterparts, according to one of the world's leading private equity executives.
David Bonderman, chairman and founding partner of TPG, told delegates at the annual Milken Asia Summit in Singapore that, based on his interactions, regulators in China made more sense than their peers in the U.S.
"They are more qualified, went to better schools," Bonderman said, alluding to Chinese regulators.
"Politics has been the worst in the U.S. and that's even before Donald Trump." Bonderman, who has been a big donor for the Democrats, added.
The storied investor has spoken on political matters before. In 2014, he said governments should stop legislating against Uber, according to Reuters, while in an interview with the Financial Times in 2008, Bonderman observed that his then 15-year old daughter could run the country better than then-U.S. President George W. Bush.
Bonderman said TPG remaind bullish on China, where it first opened an office in 1994. He said the technology sector had been the best performer in China, delivering returns "in the 20s."
Still, the private equity company's favorite market in Asia was India.
Asia's third-largest economy had benefited from low oil prices being a net importer of hydrocarbons, while limited trading dependence on China had also helped given the slowdown on the mainland, he said.
India's economy grew by 7.1 percent on-year in the three months through June, the fastest pace among major global economies.
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