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As "America first" reins in the world's largest economy, many are increasingly turning to China, whose leaders have committed to openness and globalization.

As China has targeted eradicating absolute poverty in 2020 without a single person to be left behind, grassroots cadres and people are racking their brains to lift the remaining small number of impoverished people out of poverty.

Appreciation of nondollar currencies against a weaker greenback and a price increase of major countries' bonds held by China were major factors that contributed to the reserves' growth, said Wang Chunying, the administration's spokeswoman.

Ardern was received in the Great Hall of the People in Beijing with a degree of solemnity that reflected more than four decades of bilateral cooperation between the two countries. Her meetings with President Xi and Premier Li Keqiang resulted in a reaffirmation of the comprehensive strategic partnership between China and New Zealand.

Argentina and the International Monetary Fund (IMF) signed in June 2018 a loan agreement for 56.7 billion dollars, of which the international organization has disbursed more than 44.1 billion dollars.