Blackstone's Wien sees China reform issues

As Chinese leaders emerge from their third plenary session, Blackstone’s Byron Wien discusses the challenge of rebalancing its economy.

Byron Wien, vice-chairman of Blackstone Advisory Partners, swung by Hong Kong this week to share his outlook for the world economy with investors in the city.

His general message, laid out in his latest market commentary, is that a more difficult 2014 lies ahead thanks to continued weak economic growth in the US and Europe, combined with China’s slower expansion.

In an interview with FinanceAsia on Tuesday, the day that China’s leaders emerged from their closed-door third plenary session, Wien expounded on the problems on the mainland. “People are worried that China hasn’t made the reforms that everybody expected,” he said.

The...

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