Blackstone's Schwarzman: New U.S. admin going to take a 'softer tone' towards China

Blackstone Group Inc Chairman Stephen Schwarzman said on Tuesday that the new U.S. administration was going to take a "softer tone" towards China, and that he expected lower tensions between the two countries.

Schwarzman, one of Wall Street's biggest donors to President Donald Trump's re-election campaign, was speaking at a finance forum in Hong Kong.