How bad is China’s economy? If only we knew.
The closed and secretive nature of the Chinese government, and its tight control over markets, makes diagnosing the Chinese economy a lot like diagnosing a friend’s medical condition using Wikipedia. Bloomberg News recently threw up its hands and declared that, in the absence of clear and dependable measures, there are six different ways you can look at China’s economy, so take your pick.
In 2015, the U.S. military budget was around $601 billion, greater than the combined military budgets of the six highest spending nations. Though it is difficult to pinpoint where the money was spent, the following incidents show where some of that money was squandered. Here’s hoping for wiser military investments in 2016.