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“The idea was to deal with this problem in a generational manner,” he said in a video interview from New York, adding later in an e-mail, “I feel grateful to be able to have the resources to help change future leaders to impact their countries’ and China’s destinies.”

The programme plans to take in 10,000 students over the next 50 years, forming an international network that can bridge differences between China and the West, he said. Forty-five per cent will come from the United States, 20 per cent from China, and 35 per cent from Australia, Canada, Europe, Latin America and the rest of Asia. Africa may be added later."

Sorry Africa.

Stephen Schwarzman unveils $300m China scholarship fund
21 April 2013 Last updated at 04:53 ET
www.thehindu.com/opinion/op-ed/a-rhodesstyle-china-scholarship/article4640414.ece

Let's see, Cecil Rhodes intention was to select promising young students, send them to Oxford for grooming in British thought, then send them back into their countries to help maintain and build the British Empire. Bill Clinton and Susan Rice are Rhodes scholars, for example.

Schwarzman wants to send our brightest to China to learn what? To come back and show us all how to use a pair of chopsticks? Or build whose empire?

Maybe he will give each rising young prospect their very own copies of Mao's Little Red Book.