"Blackstone can do without China," but China's private equity funds still rely deeply on the U.S. capital pool, said Fred Hu, founder and chairman of Primavera Capital. Finance would be China's weak plank, if the two superpowers engage in a deeper financial decoupling, the veteran banker said. Hu remains optimistic about investing in China, including turning around slowing consumer businessess, and across the AI stack. Fred Hu, chairman and chief executive officer of Primavera Capital Group, during the Hong Kong Fintech Week in Hong Kong, China, on Monday, Nov. 3, 2025. Paul Yeung | Bloomberg | Getty Images China's biggest…