Official Xinhua News Agency official report said at Reuters (Reuters) – China's vice premier met with Blackstone Chairman Stephen Schwartzman in Beijing.
He said the country's economic development is improving and the prospects are becoming more obvious.
“We welcome more U.S.-funded businesses and long-term capital (including Blackstone) to continue to deepen mutually beneficial cooperation with China and play a greater role in promoting the healthy development of China's economic and trade relations,” Xinhua News Agency quoted the deputy prime minister as saying.
Schwartzman said Blackstone, the world's largest alternative asset manager, “has full of confidence in China's economic development” and is willing to “continue to cultivate the Chinese market and play an active role in promoting U.S.-China economic and trade cooperation.”
Blackstone will raise at least $10 billion in a new Asia private equity fund, which focuses on India, Reuters reported. Sources told Reuters at the time that China would not become the fund's focus market.
(Reports from Farah Master and The Beijing Newsroom; other reports from Kane in Hong Kong; Editors from Christopher Cushing and Kate Mayberry)
