President Trump pledged raises for U.S. services members as he blamed Democrats for the government shutdown during a 250th anniversary celebration of the Navy on Sunday at Norfolk naval base in Virginia.
The big picture: "Despite the Democrat-induced shutdown, we will get our service members every last penny," Trump said at the event of the standoff that Democrats blame the president for. "It's all coming, and even more because I'm supporting the across-the-board pay raises for every sailor and service member in the United States armed forces."
U.S. sanctions and national security concerns have pushed China to double down on its own technology industry, while America continues to be heavily reliant on Chinese consumer apps.
Why it matters: Today, six of the top 100 most downloaded apps in the U.S. are based in China or Hong Kong, per Apptopia, up from three in 2021.
In just over a decade, China has proven it can sustain its box office with domestic productions and compete with Hollywood globally.
Why it matters: The strategy has reshaped the global movie business and could grow even more complicated as the Trump administration threatens new tariffs on foreign films.
China's digital ad industry continues to expand globally, fueled by mobile platforms that are innovating in live shopping and short-form entertainment.
Why it matters: China is no longer just a massive domestic market, given how its platforms are shaping the future of global ad formats and retail media.
