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May 21, 2007

China learning how to invest

China's state investment company announced on Sunday it would take a $3 billion stake *just under 10%) in Blackstone Group LP Blackstone is one of the leading global private investment firms.

China will learn how to structure and value private equity deals, as well as gaining a network of well connected people. "The Blackstone deal is as much about education on how to invest as it is about the actual investment itself," Oberweis [president of Oberweis Asset Management Inc] said. "From the perspective of Blackstone, what better way to increase your penetration into the fastest-growing, major economy in the world than to have that government invested in you?"


This is following up the establishment of China's investment fund

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