Li Keqiang

China Adds $175 Billion to Military Budget to ‘Advance War Preparedness’

China revealed on Monday that it will raise its military budget by $175 billion for the 2018 fiscal year, an 8.1 increase that is the largest military spending hike in three years. According to Premier Li Keqiang, the additional funding will “advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests.”

China to raise defence budget by 8.1% in 2018

China ‘Willing to Play a Constructive Role’ in Keeping Greece in the Euro

As talks between Greek officials and members of the IMF and European Union approach their conclusion before a potential exit of the Hellenic nation from the eurozone, Chinese officials are suggesting they could play a role in helping Greece pay back its debts. The Greek crisis has negatively affected the Chinese economy, which has invested millions in Greece.

AP Photo/Virginia Mayo