China’s Local Governments Accused of Issuing Arbitrary Fines to Fund Budget ShortfallsNews Analysis In light of recent mass layoffs and bankruptcies in China, experts warn that China’s economy is entering a deep recession, possibly a depression, with rising unemployment and systemic risks that could trigger large-scale social instability. On

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Australia’s Defence Minister Richard Marles has issued a measured response amid pressure from the Trump administration for European allies to bolster defence spending to 5 percent of GDP. The move was followed by comments from White House Press Secretary

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