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Blackstone CEO sees 'excess' in Chinese stock market

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"There's a lot of demand in China for anything touching the Internet," said Mr Schwarzman

New York

BLACKSTONE Group LP's Steve Schwarzman said the Chinese stock market shows signs of excess as the population ploughs savings into it while economic growth slows.

"We're now finding retail investors with multiple brokerage accounts and margin loans and indicia of some

sentifi.com

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