The South China Sea has been hotly contested for centuries—but tensions have grown in recent years.
New reports estimate that China’s defense budget is now at $700 billion. This is close to what the United States spends on its military.
Chinese real estate giant Evergrande’s bankruptcy filing signals wider economic issues. US aiming to reduce reliance on China. Antonio Graceffo, Epoch Times writer and ‘Beyond the Belt and Road: China’s Global Economic Expansion’ author, discusses implications.
The South China Sea has been hotly contested for centuries—but tensions have grown in recent years.
New reports estimate that China’s defense budget is now at $700 billion. This is close to what the United States spends on its military.
Chinese real estate giant Evergrande’s bankruptcy filing signals wider economic issues. US aiming to reduce reliance on China. Antonio Graceffo, Epoch Times writer and ‘Beyond the Belt and Road: China’s Global Economic Expansion’ author, discusses implications.