Chinese Defense Spending Continues Rise as U.S. Budget Declines
As China prepares for the final plenum of the 17th Party Congress, it has announced that the new defense budget would amount to 670 billion RMB (approximately $106 billion), which equates to a 11.2 percent increase. This is in sharp contrast to the United States, which, despite a so-called “pivot to Asia,” is busily reducing […]