By Syndicated Content
Jan 19, 2021 7:38 AM
HONG KONG (Reuters) - Blackstone Group Inc Chairman Stephen Schwarzman said on Tuesday that the new U.S. administration was going to take a "softer tone" towards China, and that he expected lower tensions between the two countries.
Schwarzman, one of Wall Street's biggest donors to President Donald Trump's re-election campaign, was speaking at a finance forum in Hong Kong.
"There is really a very substantial overlap of interest in these countries and the interest of the world," he said. "I expect to see much less tension."
Schwarzman's remarks came one day before President-elect Joe Biden's inauguration.