SHANGHAI — “Our entire focus right now is very simple: We put the consumer at the center of everything we think about,” said Patrick Zhong, head of global investments for Fosun Group, China’s largest privately owned conglomerate.
“A lot of people talk about how there will be rising consumption in China,” he added. “This could be right, but for us, it is way too generalized. I think the most interesting opportunity for us is the lifestyle change of the Chinese consumer.”
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