BBC: “US private-equity magnate Stephen Schwarzman has launched a $300m (£200m) scholarship programme to send 200 foreign post-graduate students to study in China each year.
Mr Schwarzman is donating $100m of his personal $6.5bn fortune to the fund, and is raising a further $200m.
Selected students will spend a year at Tsinghua University in Beijing.
Mr Schwarzman said he hoped to foster “a win-win relationship of mutual respect” between China and the West.
The Schwarzman Scholars programme aims to rival the 111-year-old Rhodes Scholarship programme which enables foreign students to study at the UK’s University of Oxford.
It is being backed by major, mainly Western firms, many with interests in China.”
via BBC News – Stephen Schwarzman unveils $300m China scholarship fund.
CHINDIA ALERT: You'll be living in their world, very soon 