Xie Zhikun has built a business conglomerate managing at least 1 trillion yuan in assets. Illustration: Henry Wong

Another Chinese tycoon starts to sell off assets after Xi Jinping’s call to cut debt risk

Zhongzhi Enterprise Group chief Xie Zhikun plans to sell stake in investment trust to state-run body after president’s warning to businesses

Topic |   China economy

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Xie Zhikun has built a business conglomerate managing at least 1 trillion yuan in assets. Illustration: Henry Wong
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