China Boosts Military Spending Amid Ukraine Uncertainties

China has decided to raise its defense spending by 7.1%, which is the largest increase since 2019. The rise is significant because the country's economy is expected to grow this year at the lowest level in decades at 5.5%. China's defense spending is being carefully watched around the world in view of the atmosphere of political uncertainties caused by the Ukraine war. China has refused to pick sides or condemn the Russian attack. Some experts believe China will look for opportunities to invade Taiwan. Beijing regards Taiwan as a rogue province and has often indicated plans to take it over…