Blackstone to back investment in China real estate

HONG KONG (MarketWatch) -- U.S. private equity group Blackstone Group /quotes/comstock/13*!bx/quotes/nls/bx (BX 10.58, +0.40, +3.93%) will back a plan by Hong Kong luxury property developer Great Eagle Holdings /quotes/comstock/22h!e:41 (HK:41 20.45, 0.00, 0.00%) to build more than 1,000 new homes and 400 hotel rooms in the coastal city of Dalian

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