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Blackstone CEO remains bullish about Asia

The company is also buying an 'enormous' amount of real estate in Europe

"It's hard for Asian economies to grow at the same historic rate if China doesn't grow at its historic rate . . . But overall it's a great bet long term.' - Mr Schwarzman


ASIA remains a "great bet long term'', said Stephen Schwarzman, chairman and chief executive of Blackstone, even as slowing growth in China and the expectation of QE (quantitative easing ) tapering have dampened investor interest.

"Asia is caught up by the same general