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UPDATED: October 21, 2013 NO. 43 OCTOBER 24, 2013
People & Points No. 43, 2013
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CEO Denies "Rumors"

(XINHUA)

Li Xiaolin, CEO of China Power International Development Ltd., denied foreign media reports that she helped broker Zurich Insurance's entry into the Chinese market in a statement on the company's microblog on October 13.

The denial was issued after The Daily Telegraph published a story on October 10 stating the 52-year-old businesswoman played a leading role in a deal in which Zurich Insurance, one of the biggest insurers in the world, purchased nearly a quarter of shares in New China Life, a large Chinese insurance firm.

In 2011, Fortune magazine named Li as one of the 25 most influential business leaders in Asia.

Official Donates for Charity

(XINHUA)

Yu Youjun, Deputy Director of the General Office at the South-to-North Water Diversion Committee of the State Council, has donated 1.6 million yuan ($262,400) worth of books to a community cultural center in Datong, north China's Shanxi Province, on October 15.

Yu, 60, served as the governor of Shanxi from 2005 to 2007. He launched a series of initiatives during his tenure to build new apartments for coal mining families who had dwelled in shanty towns for decades. Datong is the second largest city in the province and well known for its abundant coal reserves.

"When the ship hit the seawall, the captain ordered us to abandon ship. We gathered on the deck and prepared to escape. As we were very close to the seawall at that time, some intended to jump onto it when the ship approached, but they lost their lives."

Sang Xiaoliang, a rescued Chinese crew member of a cargo ship that sank at a port in Pohang, southeast of Seoul, during a storm on October 15, recalling the tragedy

"Apart from accumulating experience through this event for young athletes, we have more of an educational purpose."

Liu Aijie, Deputy Secretary General of the Chinese delegation at the Sixth East Asian Games (EAG), in response to EAG's transformation into East Asian Youth Games, which will debut in 2019

"Integrating development of military and civilian sectors has become a necessary path to promote China's strategic emerging industries' development."

Xu Jianping, deputy chief of the new technology and industry department at the National Development and Reform Commission, as the Hi-Tech & Science Expo concluded on October 16 in Mianyang, southwest China's Sichuan Province

"We send market investigation teams to both developed and developing regions. We do this to promote fairness and search for buyers. We also encourage exhibitors to invite their clients to the fair."

Liu Jianjun, Deputy Director General of China Foreign Trade Center, at the opening ceremony of the 114th China Import and Export Fair held in Guangdong Province on October 15



 
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