U.S.-China Relations
AsianFin -- Chinese Vice Premier He Lifeng met with Blackstone Chairman Stephen Schwarzman in Beijing on Tuesday, with both sides expressing commitment to strengthening economic ties between the two nations.
During the meeting, He highlighted China's improving economic outlook and reiterated Beijing's openness to foreign investment. "We welcome more U.S.-funded enterprises and long-term capital, including Blackstone, to expand mutually beneficial cooperation with China," He said, according to state news agency Xinhua. He emphasized that such partnerships could contribute to the stable development of Sino-U.S. economic relations.
Schwarzman, whose firm manages over $1 trillion in assets, affirmed Blackstone's long-term confidence in China's economy. "Blackstone remains optimistic about China's economic prospects and is committed to deepening our presence in the Chinese market," he said. The alternative investment giant pledged to continue facilitating U.S.-China trade and economic collaboration.
The meeting comes as China seeks to attract foreign capital amid economic headwinds, while U.S. firms weigh geopolitical risks against the world's second-largest consumer market. Blackstone has been actively investing in China for over 15 years, with holdings spanning logistics, technology and real estate sectors.
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