China, like the U.S., is beginning to feel defense spending pressures—both in growth of mission scope, and in technology and personnel costs.
China's top leaders warned of continued downward pressure on the world's second-largest economy and vowed to make economic growth a top priority, state press reported. ||| China's top leaders warned of continued downward pressure on... Read Post
President Obama unveiled a new defense strategy on Thursday as the result of a strategic review he initiated last summer after asking the Pentagon to begin planning for major cuts to defense spending after a decade of growth... Read Post
By Engen Tham SHANGHAI (Reuters) - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.... Read Post