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PICC and AIG joint venture deal signed

 Economy
May 302013
 

The People’s Insurance Company of China (PICC) and PICC Life on Thursday inked a joint venture agreement with American International Group (AIG) to form an agency distribution company.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

<a href=’http://news.xinhuanet.com/english/china/2013-05/29/c_132415106.htm’ target=’_blank’>China’s ICBC plans to create RMB cross-border business center in Luxembourg</a>

 Economy
May 292013
 

The Industrial and Commercial Bank of China (ICBC) plans to create a RMB cross-border business center in Luxembourg to cover Europe, it said on Tuesday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Government debt 50% of China’s GDP: IMF

 Economy
May 292013
 

An International Monetary Fund (IMF) chief said on Wednesday that Chinese government debt has risen to nearly 50 percent of the country’s gross domestic product (GDP) but is still under control.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

China’s Shuanghui International acquires world’s largest pork processor

 Economy
May 292013
 

China’s Shuanghui International Holdings Limited announced Wednesday that it has entered into a definitive merger agreement with the world’s largest pork processor, Smithfield Foods, to create a leading global pork enterprise.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

<a href=’http://news.xinhuanet.com/english/china/2013-05/28/c_132415037.htm’ target=’_blank’>China UnionPay to enter Ukrainian market soon</a>

 Economy
May 292013
 

Cards issued by China UnionPay, the dominant banking card organization in China, will be accepted in the Ukrainian market this year, a UnionPay representative said here Tuesday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

China May inflation forecast at around 2.5 pct

 Economy
May 292013
 

China’s Consumer Price Index (CPI) is likely to grow 2.5 percent in May from a year earlier, slightly up from the 2.4 percent recorded in April, the Bank of Communications (BOC) has forecast.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

China’s Sinopec Corp. names new president

 Economy
May 292013
 

China’s Sinopec Corp., Asia’s top refiner,announced on Wednesday that Li Chunguang has been named as its new president.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Amanda Bynes slams ‘ugly model’ Chrissy Teigen

 Uncategorized
May 292013
 

Amanda Bynes has launched a venomous Twitter tirade against model Chrissy Teigen branding her “ugly”.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Lindsay Lohan has had an “epiphany” in rehab

 Uncategorized
May 292013
 

Lindsay Lohan’s father Michael says she has had an ‘epiphany’ in rehab and is doing phenomenally well but he still wants her to transfer to a clinic in Florida.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Justin Bieber turned neighbourhood upside down

 Uncategorized
May 292013
 

Justin Bieber allegedly turned his neighbourhood upside down over the weekend, throwing parties until 3a.m. and was also seen riding around on a Segway with a friend, who was allegedly smoking marijuana on Sunday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »
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