Private equity firms enjoy a 'banner year' in China

PricewaterhouseCoopers said 2014 was a banner year for new private equity investments in China and the scale will remain robust in 2015.

According to a report by PwC released on Thursday, 593 deals were made in the Chinese PE sector in 2014, up 51 percent on the previous year, and the value totaled $73.2 billion, up 101 percent.

Globally, there was only a 10 percent increase in PE deal value.