China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation

In a significant meeting in Beijing, China’s Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of Blackstone, the world’s largest alternative asset manager. According to a report by Xinhua news agency, Vice Premier He expressed China’s interest in welcoming more U.S.-funded enterprises and long-term capital, emphasizing the role of companies like Blackstone in strengthening economic relations between the U.S. and China. The meeting comes as China continues to demonstrate confidence in its economic recovery and long-term prospects.

Vice Premier He highlighted China’s improving economic development, noting that the country’s future outlook is increasingly positive. He further stated that the Chinese government seeks to deepen cooperation with global companies like Blackstone, focusing on mutually beneficial economic ties. The government’s goal is to foster a healthy and stable environment for U.S.-China economic and trade relations.

On the other hand, Stephen Schwarzman expressed Blackstone’s strong belief in China’s economic growth. He reiterated the company’s commitment to the Chinese market, signaling Blackstone’s readiness to continue expanding its operations and contributing to economic cooperation between the U.S. and China. Schwarzman underscored the company’s active role in fostering greater U.S.-China trade relations, which is essential for mutual prosperity.

However, it is notable that Blackstone is raising at least $10 billion for a new Asia-focused private equity fund, which primarily targets India, rather than China. Despite this, the company remains confident about China’s economic future, suggesting that its investment strategies will evolve to reflect shifting market dynamics in the region.

source: reuters