However, based on what’s being mentioned in the articles (anIMF-style mixof higher spending and higher taxes), I am not overly optimistic that concerns will lead to better public policy. Tomorrow’s column will focus onthe agenda that China needsto restore rapid growth andconvergewith the w...
This graph shows the annual growth of revenue from value-added tax (VAT) on domestic products and services (not including VAT on import products) of the Chinese government from 2013 to 2023. In 2023, the value-added tax revenue of the Chinese government increased by 42.3 percent compared to...
The U.S. military has a longstanding position that such operations are carried out through- out the world, including in areas claimed by allies, and that they are separate from political considerations. In a statement, the Pentagon did not directly comment on the patrol but said the United ...
Second, conflicts in Ukraine and the Gaza Strip have spurred a rapid increase in U.S. military and defense equipment production over the past six months, reaching historic highs (Figure 3). This surge has boosted U.S. GDP, with federal defense spending year-over-year growth rising from arou...
China's defense budget is lower than that of the US, Rus- sia and the United Kingdom as a percentage of GDP. Accord- ing to the Stockholm Interna- tional Peace Research Institute, 2 percent of China's GDP went into military spending in 2013, the latest data available. The number for ...
The largest sub-sector was commerce services (distribution and transport), and its growth may be caused by the increasing share of marketed products in agriculture and industry.99 Public spending (military spending, relief funds, administration costs) fluctuated since the Chinese government had ...
Figure 1.The lower-left map indicates the location of the study area in a coordinate reference system of WGS 84 UTM zone 51, overlaid with the Military Grid Reference System (MGRS) 10-km grids, the colors of which indicate the number of clear images with cloud pixel percentage less than ...
Among the ten key energy-saving projects in the “11th Five-Year Plan”, the “Government Institutions Energy Conservation Project” defines government agencies as government agencies, institutions, and social organizations at all levels, including the military, armed police, education, public services,...
A graph shows how China's education spending has increased over the years. /CGTN Photo Today, this figure is lower than the global average thanks to the central government's emphasis on education. The country has especially dedicated resources to expanding basic education in less-developed regions...