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China’s military spending balloons amid mounting debt

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As China talks tough on the world stage when it comes to Taiwan, all that military spending comes at a cost. And it’s now impacting Beijing’s bottom line

 
Despite the government’s modest economic growth forecast, China will increase defence spending by 7.2% this year as Premier Li Keqiang called for an increase in combat readiness.

The national budget released earlier this year showed 1.55 trillion yuan ($224 billion) allocated to military spending.

As tensions over Taiwan have risen in recent years, China’s neighbours and the United States will closely monitor the defence budget.

Defence spending has risen by a single digit for the eighth consecutive year. There was no breakdown of spending like in previous years, only the overall amount and the rate of growth.

As the world’s second-largest economy faces domestic headwinds, the spending increase exceeds targeted economic growth of around 5 per cent.

In addition to Chinese-claimed Taiwan, U.S. naval and air missions near Chinese-occupied islands in the disputed South China Sea cause Beijing concern.

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Global leaders look to shape tech futures

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From disputed pay packages to tariff threats, global leaders are making waves in tech, trade, and innovation.

A U.S. judge has once again denied Elon Musk’s controversial $56 billion Tesla pay package, raising questions about the company’s governance practices. Meanwhile, Donald Trump’s tariff threats against BRICS nations could derail de-dollarization efforts, adding tension to global trade dynamics.

Concerns are also growing around Super Micro Computer audits, which have sparked fears of potential vulnerabilities in the tech sector. Additionally, Intel CEO Pat Gelsinger has announced his departure, leaving questions about whether his efforts to revitalise the company met expectations.

These developments underline the influence of leadership on shaping the global tech landscape, as decisions continue to ripple across industries.

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Teens make use of AI in education as ‘Brain Rot’ goes mainstream

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A recent study sheds light on how teenagers are turning to generative AI for both social and academic purposes.

 

From using chatbots for emotional support to leveraging AI for essay writing, the study reveals both the creativity and risks associated with these tools.

Parents, however, are struggling to keep up. Many are unaware of how extensively their children engage with AI and lack understanding of its potential risks. The gap in awareness highlights the need for ethical discussions and better parental guidance around generative AI.

Meanwhile, Oxford’s 2024 Word of the Year, “brain rot,” captures a growing cultural concern. The term, which originally appeared in the 19th century, now reflects the mental toll of consuming trivial and excessive online content. Its resurgence signals a collective awareness of the evolving relationship between technology and mental health.

Experts say these trends point to the need for critical conversations about the role of AI and social media in shaping our habits and well-being.

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Democrats move to resist Trump deportation plan

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Los Angeles officially declared itself a sanctuary city in a direct challenge to the incoming Trump administration’s plan to deport those in the U.S. illegally.

As one of the largest cities near the southern border, LA’s decision has sparked significant debate over the role of local governments in federal immigration matters.

City Council took the bold step by passing the sanctuary city ordinance, ensuring that no local resources are used to assist federal immigration enforcement.

Additionally, the city’s public school system has doubled down on its sanctuary status, passing emergency resolutions to protect undocumented students.

Critics argue that such actions undermine federal law and set a dangerous precedent, raising questions about the balance between local autonomy and national enforcement.

Keith Hanson the CEO of QUX Technologies, and a veteran law enforcement expert joins Veronica Dudo to discuss.

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