By Peter Thal Larsen
(The author is a Reuters Breakingviews columnist. The opinions?expressed are his own)
Steve Schwarzman is giving something back – to China. The Blackstone founder is contributing his name, and $100 million of his private wealth, to kick-start a scholarship programme at Beijing’s Tsinghua University. The programme may not be entirely philanthropic: China lost much more investing in his buyout firm’s initial public offering. But there will still be many beneficiaries if the scheme helps Western and Chinese elites understand each other better.