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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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Amazon Prime’s ‘The Boys’ Season 4 will explore contemporary political polarisation

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Show creator Eric Kripke hints at a narrative that will not shy away from uncomfortable truths, promising a season that challenges viewers to confront their own beliefs and biases.

Known for its bold satire and unflinching critique of societal issues, the series seems poised to dissect the current climate of division with its trademark blend of dark humour and gritty realism, as reported by Reuters.

Director/Filmmaker Rob Fantozzi unpacks the latest from The Boys and beyond in the entrainment world. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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The secret aspect of exercise and trauma release

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Recent studies have shed new light on the profound impact sedentary behavior is having on mental health.

A meta-analysis revealed a strong correlation between increased sitting time and higher rates of depression.

Now, many experts believe that movement and exercise are not only beneficial for mental health but also play a crucial role in trauma release.

Jenni Crumpton Ross, the President and CEO of Kula for Karma joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #mentalhealth #business #wellbeing

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