China's Fosun looks to shed $3b worth of assets this year as debt burden weighs

China's Fosun looks to shed $3b worth of assets this year as debt burden weighs

Guo Guangchang Photographer: Paul Yeung/Bloomberg

Embattled Chinese conglomerate Fosun Group is on track to shed over $3 billion worth of assets this year, streamlining its sprawling portfolio to dispel concerns over mounting debts.