 Forbes magazine has named Chinese President Hu Jintao as the world's most powerful person, a move that analysts say shows global acknowledgement of China's contribution to the world's economic recovery. U.S. President Barack Obama slipped to second place on the annual list. China's peaceful rise on the world stage is also likely to have been a decisive factor.

Liu Chuanzhi, Board Chairman of China's largest PC maker Lenovo Group, has received the 2010 Entrepreneur of the World Award at the World Entrepreneurship Forum. Liu showed his ability in building his career, quality as a leader and his global vision, said judges. Liu created Lenovo in 1984, along with 10 other engineers in Beijing, with 200,000 yuan ($29,412). Under Liu's leadership, Lenovo rose from a small startup to become the leading PC company in China and then a global company.

Marathon world record holder Haile Gebrselassie has announced his retirement from athletics. The 37-year-old from Ethiopia made the announcement after dropping out of his first New York Marathon after 25 km with a knee injury. The legendary runner has won more than 130 major races. Gebrselassie set the marathon world record of 2:03:59 in Berlin in 2008.
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