China seeks more U.S. investment, bolsters economic ties

China's Vice Premier He Lifeng recently met with Stephen Schwarzman, the chairman of Blackstone, in Beijing. This meeting highlighted China's interest in attracting more American investment and long-term capital. He Lifeng emphasized that China's economic situation is improving, noting positive growth prospects. He welcomed U.S. companies like Blackstone to strengthen their partnerships with China, aiming to enhance economic and trade relations between the two countries. Stephen Schwarzman expressed confidence in China's economic future and affirmed Blackstone's commitment to the Chinese market. He mentioned the company’s desire to actively participate in enhancing U.S.-China economic cooperation. Blackstone is currently working on raising at least $10 billion for a new private equity fund focused mainly on India, and China is not expected to be a primary target for this fund according to earlier reports.