China Sanctions Boeing, Other U.S. Companies
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Key Points and Summary - China's J-20 "Mighty Dragon" stealth fighter program has been plagued by a long and difficult struggle to develop a capable domestic engine. -Early J-20s were forced to rely on underpowered Russian AL-31F "stopgap" engines.
China’s auto ascendancy will give it greater geopolitical leverage, strengthening its reach and influence worldwide. Yet this story is not entirely positive for China either.
As home sales continue to plummet, Beijing has curbed independent reporting of real estate figures. The gag order masks a deepening property slump that continues to erode household wealth and strain China's banks.
China has revealed how it is improving its nuclear forces to ensure the reliability and effectiveness in deterring adversaries, as major nuclear powers—including the United States and Russia—race to modernize their arsenals and field new weapons.
New policy by the People’s Bank of China applies to one-off debts up to 10,000 yuan incurred since 2020, aiming to help people rebuild credit.
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