The Chinese government increased its military spending in 2023, infusing nearly $16 billion to bring the budget to $230 billion as the U.S. warns of a Taiwan invasion.
Monthly Archives For March 2023
China lauds ‘truly extraordinary’ Covid-19 response but admits shortcomings
Beijing promises to better coordinate Covid-19 response policies with economic and social development. Read more at straitstimes.com.
ChatGPT has thrown gasoline on fears of a U.S.-China arms race on AI
The race to develop the next generation of AI isn’t just between tech companies like Microsoft and Google — it’s also between nations, which are working furiously to foster and develop their own …
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China?’
At a Senate Banking Committee hearing on Feb. 28, many lament America’s inability to sanction China like Russia.
China plans 7.2% defense spending rise this year, faster than economic growth
Defense spending is being closely watched by the U.S. and China’s neighbors amid a heightening of tensions with Taiwan and the war in Ukraine.
China Central Government to Borrow More: 2023 Budget Details
China’s central government is planning to increase borrowing by almost a fifth this year to finance a slightly bigger budget deficit, helping to reduce pressure on debt-laden local governments.
After China’s Winter of Discontent, Xi Jinping Sets Sights on Growth and Power
China’s government said it expected the economy to grow “around 5 percent” this year. A meeting of the top legislature will reinforce Mr. Xi’s grip on power.
China to double down on push to be self-reliant in tech, premier says
China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be …
China to accelerate opening-up drive to attract foreign investment: Premier Li
China is set to accelerate efforts to attract and utilize more foreign investment, Chinese Premier Li Keqiang said in his Government Work Report delivered on Sunday, on behalf of the State Council to …
Billionaire investor Mark Mobius says he cannot take money out of China -FOX Business
Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country’s capital controls, cautioning investors to be “very, very careful” about investing in an …
China to guard against risks among property developers – Premier Li
BEIJING (Reuters) -Warning that risks remain in the property market, China’s government said in a report released at parliament’s annual opening on Sunday that it would promote the sector’s stable …
China to deepen financial reform, open to more foreign investment
China will deepen financial reform and improve its regulatory regime to guard against risks to the economy, and further open up to foreign investment, Premier Li Keqiang said on Sunday. The government …
China to increase defense spending by 7.2%
China’s defense budget grew by 7.1% last year to 1.45 trillion yuan, faster than the 6.8% increase in 2021, according to official data.
