A Rhodes-Like Scholarship For Study In China
If you're interested in studying in China, a new scholarship program could help you on your way. Rivaling the prestigious Rhodes scholarships, the new Schwarzman Scholars program was announced recently by Stephen Schwarzman, CEO and co-founder of Blackstone Group, one of the world's biggest private-equity firms.
The financier says he plans to raise $300 million, including $100 million of his own money, to fund a new program aimed at bringing students from around the world to study at Beijing's Tsinghua University.
Schwarzman spoke to NPR's David Greene soon after coming back from China, where Schwarzman made the announcement. Schwarzman said he was motivated by the disparity between China's rapidly growing economy and the slower growth of Western, developed economies. If this disparity continues, he said, "it will interfere with normal trade relations, economic relations, perhaps create military tensions, and we're already seeing some of those things."