Schwarzman College’s Culture Wars Reflect a New Reality in China
The Blackstone co-founder’s Rhodes-style scholarship faces its own conflicts on campus amid worries about the Communist Party’s role in admissions and academics.
A painting of Steve Schwarzman at Schwarzman College on Tsinghua University campus in Beijing.
Photographer: Nicolas Asfouri/AFP/Getty ImagesThis article is for subscribers only.
Northwest of the Forbidden City, under tiled rooftops with red eaves and past two scenic pavilions, a name that opens doors across Wall Street — and more quietly in official Beijing — is cut into gray stone: Schwarzman.
Beyond the wall bearing his name, US buyout mogul Stephen Schwarzman and his backers have staked more than $600 million on a shot at glory in the intellectual cradle of Communist China.