Dossier
defense expenditure
Coverage of defense expenditure in the Nexus archive.
- Hong Kong tycoon bets China will overtake US economy ‘in next decade or so’
Hong Kong property tycoon Gordon Wu Ying-sheung predicts China will overtake the US as the world's largest economy in the next decade, citing rapid technological advances and US challenges like defense expenditure and national debt. He also suggests Hong Kong should build closer ties with the US despite geopolitical tensions between Beijing and Washington.