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Over the last couple of decades, the state has been making significant investments into its armed forces in an attempt to challenge America’s dominance. We ask how much further they will go. When the Ukraine war sent energy prices soaring, the consequences for Europe proved fatal. And, a tribute to the father of Tibetan film. Take our listener survey at www.economist.com/intelligencesurveyFor full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer