China Business & Economy

Chairman of China’s Fosun Conglomerate Resigns, a Sign of Future Shakeup in Chinese Economy, Says Expert

Chairman of China’s Fosun Conglomerate Resigns, a Sign of Future Shakeup in Chinese Economy, Says Expert
Guo Guangchang, the chairman of Fosun International, one of China's biggest private-sector conglomerates, attends a conference in Hangzhou City, Zhejiang Province in eastern China on June 25, 2015. He recently announced that he would resign from his position at a Fosun subsidiary. STR/AFP/Getty Images
Annie Wu
|Updated:
The chairman of one of China’s largest conglomerates, Fosun International, has recently resigned from his positions at subsidiary companies, sparking rumors that he may have gotten into trouble with Chinese authorities.
After all, doing business in China is often aided by one’s ties to powerful officials.
Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
twitter