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Chinese billionaire defends his company's shopping spree as it buys French firm

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Chinese billionaire Guo Guangchang is defending his company Fosun's multi-billion dollar shopping spree abroad — as it buys yet another foreign firm — amid greater government scrutiny on massive overseas deals. Fosun "has always done two things: First, it has developed at an appropriate pace while reducing debt and improving…

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Click here to read the full story: CNBC

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