News Snapshot:
China announced a nearly 7% growth in its military spending budget Friday, just one day after eight GOP lawmakers pressed President Biden to increase U.S. defense spending to account for inflation.China has allocated $208.6 billion to its fiscal year 2022 defense budget, reported Bloomberg -- a 6.8% increase from last year.Chinese Premier Li Keqiang said the country will focus on bolstering the People’s Liberation Army and advance scientific, technological and industrial defense efforts in China’s next fiscal year."We will boost military training and preparedness across the board, make overall plans for responding to security risks in all areas and for...
