Fosun Chief Confident in China Economy and Future Relations With U.S.

Aug.30 — The billionaire founder of one of China’s biggest conglomerates, Guo Guangchang, is optimistic about the Chinese economy even amid escalating US-China tensions. He also said he’s eyeing opportunities in South East Asia, Brazil and Africa. Guo speaks exclusively to Bloomberg’s Tom Mackenzie at the company’s Shanghai headquarters.

In This Story: Brazil

Brazil is the largest country in both South America and Latin America.

Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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    Shanghai, on China’s central coast, is the country’s biggest city and a global financial hub. Its heart is the Bund, a famed waterfront promenade lined with colonial-era buildings. Across the Huangpu River rises the Pudong district’s futuristic skyline, including 632m Shanghai Tower and the Oriental Pearl TV Tower, with distinctive pink spheres. Sprawling Yu Garden has traditional pavilions, towers and ponds.

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