China’s Vice Premier He Lifeng met Blackstone Chairman Stephen Schwarzman, emphasizing the country’s welcome for more U.S. investments. He expressed optimism about China’s economic development and the importance of bilateral cooperation. Schwarzman reaffirmed Blackstone’s confidence in the Chinese market, despite the firm’s new fund primarily focusing on India.

In a recent meeting, China’s Vice Premier He Lifeng discussed the importance of U.S. investments with Blackstone Chairman Stephen Schwarzman in Beijing, as reported by Xinhua news agency. The Vice Premier emphasized China’s commitment to welcoming U.S.-funded enterprises and long-term capital. He expressed optimism about China’s economic development, noting the improving conditions and brighter prospects ahead.

Vice Premier He stated, “We welcome more U.S.-funded enterprises 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-US economic and trade relations.” This statement underscores China’s openness to foreign investment, particularly from U.S. firms.

Chairman Schwarzman conveyed Blackstone’s strong confidence in the Chinese market, indicating that the company is eager to nurture its involvement within China and enhance U.S.-China economic relations. He affirmed Blackstone’s intentions, stating that the firm would strive to play an active role in these bilateral trade efforts.

Notably, Blackstone is in the process of raising at least $10 billion for a new private equity fund focused on Asia, primarily targeting India. However, sources revealed that China would not be a key focus market for this particular fund, highlighting a selective investment strategy in the region.

The meeting between China’s Vice Premier He Lifeng and Blackstone’s Stephen Schwarzman signals a strong commitment to enhancing U.S.-China economic relations through increased investment. China’s welcoming stance towards U.S. capital is indicative of its improving economic conditions. Meanwhile, Blackstone’s focus on the Chinese market continues to reflect its confidence in China’s growth potential, despite the firm’s current private equity fund strategy prioritizing India over China.

Original Source: www.usnews.com

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