International Student Blog

International Student Blog

Philanthropist Funds New Chinese Scholarship Program

April 25th, 2013 by Jonathan Frankel

Stephen 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…

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