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Olympic legend Deng Yaping has established a massive investment fund to focus on the fast-growing sports industry in China nike air max 96 pas cher , media reports said on Sunday.

The fund, formed by Deng and a unit of Zhongyuan Asset Management Co, plans to raise 5 billion yuan ($737.9 million) from the capital market, with the first round of fundraising expected to reach 500 million yuan nike air max 95 pas cher , news portal china reported.

The fund will focus on unlisted enterprises, said the report. Other main areas of investment for the fund include culture, tourism, technology and health.

Deng began a career in business after her retirement from a splendid career as a table tennis player nike air max plus tn ultra pas cher , during which she won 18 world champion titles, including four Olympic gold medals.

She has also held positions in the International Olympic Committee, the Beijing Organizing Committee of the 29th Olympic Games and the General Administration of Sport of China.

Most recently, Deng was the CEO of jike nike air vapormax 2018 pas cher , an Internet search engine established by a company under people for six years before departing from Jike in June.

The central government has signaled support for developing the sports industry. The State Council, China's cabinet, on Friday issued guidelines on the development of the fitness and leisure sectors.

As China has entered the last stage before becoming a "moderately prosperous society," demand for sports is growing fast and there is major potential for the fitness and leisure sectors nike vapormax homme pas cher , according to the guidelines. However, it said, the sectors face many problems, such as a shortage of effective supply nike vapormax femme pas cher , insufficient measures to stimulate public consumption, and backward infrastructure and equipment.

The sports industry in China will be worth 3 trillion yuan by 2025, the guidelines said, which also noted that private capital will be encouraged to participate in the development of the sports industry.


BEIJING nike air vapormax pas cher , Sept. 24 (Xinhua) -- China's leading striker Gao Lin may receive a fine from his Chinese Super League (CSL) club for not being selected into the national team.

Gao's name was missing from the national team roster released on Tuesday when Frenchman Alain Perrin announced a 23-strong squad for the World Cup qualifier against Qatar next month.

According to Perrin, the Guangzhou Evergrande striker is ""the best in China"" but he found the 29-year-old lacked morale and willingness.

Gao has been a regular in the national team, scoring 18 times in more than 80 caps.

The absence from the national team may bring a possible fine of 200,000 yuan (about 31 nike air max 97 undefeated pas cher ,000 U.S. dollars) to Gao as the Chinese league champion said in its Eight Regulations on China Internationals in Evergrande that any China international who is not called up by the national team again due to their lack of efforts will be fined for 200,000 yuan.

Gao has been an important part of the Guangzhou club since its promotion to the CSL in 2011. Evergrande lifted the top tier league title in the same year and went on to win another three CSL crowns.

As Evergrande keeps a slim lead after 26th round this season, Gao leads the Chinese scorers with 12 goals and ranks 7th in the scorer standings.

Gao was banned for five matches in July by the Chinese Football Association (CFA) for ""misconduct towards the football fans"".

In the match between Evergrande and Liaoning Whowin on July 18, Gao celebrated with face-slapping gestures towards football fans after his second goal in the 73rd minute.

After the match nike air max 97 femme pas cher , he threw his shoes towards the football fan who insulted his family.


WELLINGTON, Nov. 9 (Xinhua) -- Three fishermen from the tiny Pacific nation of Kiribati have been found alive more than a week after they disappeared at sea, the New Zealand Defence Force said Wednesday.

The crew of a New Zealand air force P-3K2 Orion surveillance aircraft spotted the men waving from their 5-meter wooden fishing boat as it drifted about 550 kilometers west of Tarawa, capital and main atoll of Kiribati.

The men, aged from 34 to 61, appeared to be in good health, Air Commodore Darryn Webb said in a statement.

They were found about an hour after the Orion began its second day of searching Wednesday.

The Orion would drop the men emergency supplies of food and water and a radio and was contacting ships in the area asking them to pick the fishermen up.

"I am pleased that the fishermen were found safe and well and will now be able to return to their families," said Webb.

The Orion left New Zealand on Tuesday to search for the fishermen, who were last seen leaving Tarawa on Nov. 1.

The original search area was about 3,500 kilometers north of New Zealand and covered more than 33,000 square kilometers.

Following an unsuccessful aerial search on Tuesday, the search area was expanded to 55,000 square kilometers.

Fiji's Rescue Coordination Center, which is responsible for the search area, requested NZDF assistance after a two-day aerial search by Kiribati authorities was unsuccessful.

The Kiribati search ship Nakoraoi also helped in the search.

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