Fosun: Trade spat impact limited

Chairman makes remark as company posts high H1 profit, revenue growth

Although escalating trade tensions between the world's two largest economies have dimmed the global economic growth outlook, China will continue to move forward thanks to hardworking common people and private companies, said one of China's richest men and most active global dealmakers.

"The fundamental driving force for China's economic growth comes from the burning desire and unremitting efforts of the country's ordinary people and private enterprises to improve their lives," said Guo Guangchang, executive director and chairman of Fosun International Ltd, one of the largest private conglomerates on mainland.