Barking again -- but really rather less than the headline indicates.
My response to the 17.8% growth figure in Chinese defense spending is a bit more sanguine: something's gotta defend all those tankers leaving Port Sudan and Lobito and the ore carriers leaving Cape Lampert and Mejillones.
Last time I looked, "Peaceful Development" ("Peaceful Rise" is sooooo early 2004) does not mean, "Oh no, we have no intentions on becoming a superpower fast."
Swap Agreements & China’s RMB Currency Network
5 hours ago