China Out of Money! Forces Military to ‘Tighten Their Belts’ and Cut Back

Amid the continued decline of China’s economy, the Chinese Communist Party (CCP) is facing tight local finances. Following several calls from CCP government agencies to “tighten their belts,” the Chinese military recently echoed the same sentiment, sparking speculation that the military is now truly strapped for cash, potentially leading to reduced spending on arms procurement and training.
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