China boosts gold reserves for 5th straight month

Taking advantage of the low price of gold, in November China boosted its gold holdings for the fifth consecutive month, the fastest growth rate since June, the central bank reported Tuesday.

However, November’s $87 billion decline in total foreign exchange reserves was the country’s biggest drop since August’s record-high decline of $93.9 billion. Continue reading

Xi Jinping will address Taiwan issue before 2022: scholar

Translation: There will Taiwanese unification with China before 2022, either by war or diplomacy.

 

Xi Jinping’s efforts to transform China’s image into that of a major world power must include an attempt to address the Taiwan issue before the end of his time in power, says Jin Canrong, head of the School of International Studies at Renmin University of China in Beijing.

In a media interview on Tuesday, Jin said Xi’s announcement at the UN General Assembly in New York that China will create an 8,000-strong peacekeeping standby force is an “aggressive signal” that he wants China to develop the image of a major world leader like the United States. Continue reading