Philanthropist Funds New Chinese Scholarship Program
April 25th, 2013 by Jonathan Frankel

13_stephen_schwarzman_01Stephen Schwarzman – chairman of the Blackstone Group, a U.S.-based private-equity company – believes that most Americans “know next to nothing about China.” His new Chinese scholarship program, however, hopes to change that. The new program – which was endowed with a $100 million donation from Mr. Schwarzman’s personal fortune and should be matched by an additional $200 million from outside sources in the coming months and years – will enable students to pursue a one-year master’s degree at the Beijing-based Tsinghua University. The university, which is the alma mater of many of China’s top leaders and among China’s most prestigious, will offer graduate-level programs in public policy, economics, business, international relations, and engineering as early as 2016. Read the rest of this entry »

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