(Reuters) - The agreement gives China's government a stake in the private equity boom sweeping the globe and hands a key alliance to Blackstone at a time foreign investors struggle to gain support from the Chinese government for takeovers of domestic assets.
The announcement comes just days before this week's planned visit to the United States by Chinese Vice Premier Wu Yi to discuss sticking points in trade. The talks are hosted by U.S. Treasury Secretary Henry Paulson.
Read more at Reuters.com Business News
The announcement comes just days before this week's planned visit to the United States by Chinese Vice Premier Wu Yi to discuss sticking points in trade. The talks are hosted by U.S. Treasury Secretary Henry Paulson.
Read more at Reuters.com Business News
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