Posted inBeijing, China, Hong Kong, Northeast Asia, Russia, Shanghai, South Korea, World

Six provinces foot the bill for Beijing’s rising expenses

An assertive Beijing confident in the strength of its economic triumphs is more willing to flex its muscles than ever, splurging hundreds of billons of yuan on a military buildup and overseas acquisitions. Yet the exact size of Beijing’s coffers is something of a mystery, and many are skeptical about the sustainability of its spending […]