Brussels is investigating a showcase Chinese rail project that aims to extend Beijing’s “One Belt, One Road” initiative into the heart of Europe, potentially putting the EC at loggerheads with China. The commission’s probe is into a planned 350km high-speed railway between Serbia’s capital, Belgrade, and Budapest in Hungary. Source: FT
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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