US tycoon pledges $A292m to China uni

Written By Unknown on Minggu, 21 April 2013 | 19.50

A US tycoon has pledged $US300 million ($A292.55 million) to an elite Beijing university to fund a scholarship program to recruit international students to study in China.

Stephen Schwarzman, founder of investment company Blackstone, has pledged the money to Tsinghua university in one of the largest donations ever given to an academic institution in China.

$100 million of the fund will come from Schwarzman, he said on Sunday, with the rest raised from private donors to set up a program enrolling 200 scholars each year.

Schwarzman said he based the fund on the Rhodes Scholarship, which brings foreign students to study at Britain's University of Oxford.

Schwarzman said he hoped the program would help ease tensions caused by China's meteoric economic rise.

"I'm concerned with China growing at double or triple the rate of the West, that there will be tensions ... one needs to do something to start addressing misunderstandings and frustration," he told AFP.

Blackstone, one of the world's largest private equity firms, has made significant investments in China in sectors as diverse as luxury real-estate and a chemical firm.

Chinese universities are administered by committees staffed by members of China's ruling Communist party, and academics have complained about restrictions when publishing on political issues.

Schwarzman, who has a net worth of $US6.5 billion according to Forbes magazine, says there is no indication China's government would interfere with the courses offered to the scholars.


Anda sedang membaca artikel tentang

US tycoon pledges $A292m to China uni

Dengan url

http://jemuranduit.blogspot.com/2013/04/us-tycoon-pledges-a292m-to-china-uni.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

US tycoon pledges $A292m to China uni

namun jangan lupa untuk meletakkan link

US tycoon pledges $A292m to China uni

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger