The U.S. Chamber of Commerce, the biggest business association, and a Chinese counterpart set up a group to allow chief executive officers from the two countries to exchange views on policy.The inaugural dialogue in Beijing today was attended by Carlyle Group co-founder Daniel D’Aniello. Interesting in light of other recent stories, including Carlyle's $5 billion shipping deal with Chinese state owned companies. Don't forget a Chinese bank floated real estate loans to Carlyle, which leads to the next story.
The Bank of China and the Industrial and Commercial Bank of China invested heavily in New York real estate. ICBC did the deal with Carlyle on 650 Madison Avenue. Foreign banks provided the largest average loan at $41 million, far ahead of insurance companies at $27 million. Borrowers like Chinese banks because they don't sell the loan.
"Markets like totalitarian governments."--Larry Fink, BlackRockCan you feel the economic freedom from Carlyle meeting with the Chinese?