China’s private firms warned ‘days of runaway growth have gone’ amid debt crisis, urged to thrive overseas

By Frank Chen

Fosun Group founder Guo Guangchang says China’s private firms have suffered from high debt and heavy asset loads, while Juneyao Group chairman Wang Junjin says entrepreneurs should ‘refuse lying flat’.

Source: China’s private firms warned ‘days of runaway growth have gone’ amid debt crisis, urged to thrive overseas