The low share of the defence budget is taking a toll on the military’s capability to modernise and expand. Pensions, which are fixed costs, occupy a little over 20 per cent of the entire military ...

Gao Shanwen questioned Beijing’s ability to boost its economy as threats loom from a property meltdown and burgeoning debt.

The country's future hinges on seizing a rare opportunity for inclusive and sustainable growth while avoiding the economic pitfalls of the past.