Like the many proxy wars fought between the US and the Soviet Union from the 1950s to the 1980s, US and China are not expected to engage in any direct combat. However, the US is expected to unilaterally attack China in all areas, short of actual military conflict. Until one side shows a clear supremacy over the other, the US-led proxy wars will continue for many years to come and naturally China will respond and retaliate in self-defence. We are likely to see sharp increases in military and research and development spending from both countries. See this week’s China on the Move for more.
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Labour market conditions in the Eurozone remained tight. In Oct, the unemployment rate fell by 0.1 ppts to 7.5%, its lowest level since Jul 2008 – see figure 1. The number of people out of work fell in France and Italy – see table 1. Germany remained the Eurozone member state with the lowest unemployment rate, while the highest was recorded in Greece, followed by Spain and Italy.
Like the many proxy wars fought between the US and the Soviet Union from the 1950s to the 1980s, US and China are not expected to engage in any direct combat. However, the US is expected to unilaterally attack China in all areas, short of actual military conflict. Until one side shows a clear supremacy over the other, the US-led proxy wars will continue for many years to come and naturally China will respond and retaliate in self-defence. We are likely to see sharp increases in military and research and development spending from both countries. See this week’s China on the Move for more.
Note from Publisher
Like the many proxy wars fought between the US and the Soviet Union from the 1950s to the 1980s, US and China are not expected to engage in any direct combat. However, the US is expected to unilaterally attack China in all areas, short of actual military conflict. Until one side shows a clear supremacy over the other, the US-led proxy wars will continue for many years to come and naturally China will respond and retaliate in self-defence. We are likely to see sharp increases in military and research and development spending from both countries. See this week’s China on the Move for more.
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