To counter #China, America has just implemented their biggest defense budget increase in years.

The #Pentagon is asking for 840 #Billion dollars for 2024's military endeavors. That seems like a massive number but it is only a 3% increase from 2023's budget.

This comes in response to escalating aggression with both #Russia and #China.

#ChinainFocus has the full story!
https://ept.ms/NuclearSubmarineCoop

Exiled Chinese business tycoon, Miles Guo was just #Arrested in New York.

He is accused of concocting a scheme to defraud over a #Billion dollars from his online followers.

Guo faces an 11-count indictment including wire fraud, bank fraud, securities fraud and money laundering.

#Chinainfocus has the full story!
https://ept.ms/ChinaMoneyFactCheck