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America One News
20 Feb 2024
#economy
Breitbart: China Claims Largest Travel Season Ever, Seeking to Calm Worried Investors
Chinese state media boasts record-breaking domestic travel and spending spree during Lunar New Year, aiming to boost investor confidence in the despite concerns over growth and foreign direct investment decline. Global Times presents a rosy picture of China’s economic future, highlighting booming domestic tourism and spending during the holidays, while foreign investors remain cautious and scrutinize micro indicators to assess the true state of the Chinese economy.
#military
Le Monde: Australia plans to build the biggest navy since WWII
Australia aims to double its warship fleet to counter the Asia-Pacific arms race, amid escalating tensions with China and Russia. The plan includes getting 26 major surface combatant ships armed with long-range strike capabilities.
However, concerns arise about inefficient procurement processes and delays in defense projects. A former security official warns against prioritizing local job creation over enhancing defense capabilities, urging the government to avoid familiar pitfalls.