International Relations Military Economy News

"China's Military Buildup and Taiwan's Response: A Comparison of Defense Budgets and Strategic Shifts"

China's economic resurgence is in trouble due to the global recession, declining population, and overproduction, leading to a mass recession and cost-of-living crisis. Despite this, China's military spending is set to increase by 7.2%, with a focus on building up its military capabilities, including a significant nuclear arsenal and infrastructure for potential conflict. President Xi Jinping's leadership is steering China towards a more insular economy and increased military influence, posing potential challenges for the US and other global powers.