Blackstone's Schwarzman: China knows it must change its trade practices

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“It’s going to slow the whole world.” Here’s what Blackstone co-founder Stephen Schwarzman has to say about the U.S.-China trade war.

Stephen Schwarzman, Blackstone co-founder, tells "Squawk Box" that China knows it must change its trade and business practices but it's reluctant to do so because of the spoils it's reaped by protecting its economy.

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