SHANGHAI -- 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.
China debt crunch
China's Fosun scrambles to slim down as debt burden looms
Embattled group slashes $3bn-plus worth of noncore operations
Fosun Group is currently involved in a wide range of businesses, from commercial facilities to a gemological school. (Photo by Noriyuki Doi)
Read Next
Latest on China debt crunch
