Inflation-Adjusted China Defense Budget Up About 7%

Credit: Yan Siming/International Aviation
In what has become an annual tradition, media reports are exaggerating the rise in the Chinese defense budget, omitting adjustment for inflation. But now there is another, contrary adjustment that no one can ascertain with any precision: The anticorruption crackdown of President Xi Jinping must be...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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