China Boosts Military Spending Despite Economic Headwinds
A.M. Edition for March 6. China’s government has announced plans to accelerate its military buildup as tensions rise with the U.S. and its allies over Taiwan. WSJ China bureau chief Jonathan Cheng says that spending target signals President Xi Jinping’s focus on upgrading China’s defense forces, even as the country sets conservative growth goals amid challenges in the domestic and global economy. Plus, as ATMs gradually disappear, how far away is a cashless society? Luke Vargas hosts.
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