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Fosun chairman Guo turns up in New York

Guo Guangchang, the Chinese businessman who went missing last week while assisting Chinese authorities with an investigation, has been allowed to travel overseas in an apparent sign that he has resumed normal business activities after four days of detention.

Mr Guo, known as China’s Warren Buffett, was seen dining in a restaurant in New York’s Midtown area on Thursday night, while on a business trip expected to include New York and a visit to a performance of Cirque du Soleil in Canada, writes Patti Waldmeir in Shanghai.

Fosun, the conglomerate that Mr Guo co-founded, owns a 25 per cent stake in the Canadian entertainment group, as well as owning the French resort group Club Med. Fosun declined to comment.

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