Key Points
- China reportedly plans to raise defense spending by 7% this year, the slowest increase since 2021.
- China kicks off an 8-day parliamentary meeting Thursday.
- Beijing ranks second to the U.S. in military spending.
China to reportedly boost defense spending by 7%, slowest pace since 2021
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AST SpaceMobile shares drop after its satellite is placed in wrong orbit by Bezos’ Blue Origin
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