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Back in 1988, Hu first acquainted himself with the equine industry, but there was no sudden fortune to be made. "I used to be poor and went without meals at times," he said with a sigh. "With only one horse or two kept by the family, there was no way we could sell them. Nor could they be sold for a nice price."

BUENOS AIRES -- US criticism of Latin America's growing ties with China is unfounded since the bilateral relationship is based on mutual interest and cooperation, Argentine political analyst Paola de Simone has said.

Banks extend terms on 1.28 trillion yuan in loans

Based in Singapore, the Dutch bank's regional headquarters, Baetens will drive the wholesale strategy for the Asia-Pacific and is responsible for the performance of wholesale banking business across 14 markets in the region.

BUDAPEST - Chinese Premier Li Keqiang on Monday announced the establishment of the second phase of China-Central and Eastern Europe (China-CEE) Investment Cooperation Fund in the Hungarian capital of Budapest. The second phase of the fund that totaled 1 billion U.S. dollars will be mainly invested in Central and Eastern Europe, Li said in a keynote speech to the seventh China-Central and Eastern European Countries Economic and Trade Forum. Li arrived in Budapest on Sunday for an official visit to Hungary and will attend the sixth meeting of heads of government of China and 16 Central and Eastern European countries.