China’s foreign exchange reserves unexpectedly fell below the closely watched $3 trillion level in January for the first time in nearly six years, even as authorities tried to curb outflows by tightening capital controls. Reserves fell by $12.3 billion in January. Source: Reuters
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Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
Xi Jinping has heralded the dawn of a “new era” of Chinese politics and power at the start of a historic Communist party congress celebrating the end of his first term in office. Source: The Guadiaan
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily