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Taiwan: Record Defense Spending; China’s Economy Slows in July

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Taiwan: Record Defense Spending; China’s Economy Slows in July
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China’s GDP growth dropped to a more than three-year low in the second quarter. We take a closer look at the engines driving the country’s economic growth—and which one is failing to fire. Taiwan’s 2027 defense spending of $35 billion is a new record for the island. It marks a 16 percent increase from a year earlier, and Taiwan…

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