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Blackstone CEO remains bullish about Asia

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

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"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

Singapore

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

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