US billionaire to give US$300m to fund scholarshipsGlobal Post.
The programme is modelled on the Rhodes Scholarships, which provide high-achieving foreign students with a year of study at England’s Oxford University. The Schwarzman Scholars programme will bring 200 foreign students to China for one year to earn a masters degree, starting in 2016.
"I'm concerned with China growing at double or triple the rate of the West, that there will be tensions,” Schwarzman told Agence France-Press. “One needs to do something to start addressing misunderstandings and frustration.”
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