Chinese defense expenditure will remain at around 1.2% of GDP, although aspects of wider defense spending are understood to not be included in that official figure.
The global community should avoid doing commercial space business with China because it will support further growth of China's military space operations.
Funded by Hong Kong-based Greater Bay Area Investments and Development for $225 million, Bokeo International Airport has an initial 50-year concession period.
Boeing has delivered its first Boeing 737-8 to China in nearly five years since the Civil Aviation Administration of China grounded the type in March 2019.
Fitch Ratings says the recovery of international service is what will determine whether China’s airline market fully recovers—in terms of traffic—this year.