China's Vice Premier He Lifeng met with Blackstone Chairman Stephen Schwarzman in Beijing. The Chinese side expressed its welcoming attitude toward increased U.S.-funded enterprises and long-term capital investment.
He highlighted improvements in the country's economic development and positive future prospects. He stated that China encourages more U.S.-funded companies, including Blackstone, to deepen mutually beneficial cooperation and enhance the healthy development of U.S.-China economic and trade relations.
Schwarzman conveyed Blackstone's confidence in China's economic progress and affirmed the firm's commitment to cultivating the Chinese market while actively promoting economic and trade cooperation between the U.S. and China.
Blackstone is in the process of raising at least $10 billion for a fund primarily focused on India, and sources indicated that China would not be a key target market for this fund.