Friday, March 4, 2011

China defense budget to stir regional disquiet

Up 12.7% from last year which was up from the previous year.

our defense budget is in Jeopardy as usual.

No problem, When China comes to collect on their notes with the U.S., they can do it with a bigger Military behind them !

(Reuters) - China will beef up its military budget by 12.7 percent this year, the government said on Friday, a return to double-digit spending increases that will stir regional unease.

The country's growing military clout has coincided with a more assertive diplomatic tone, evident in spats last year with Japan and Southeast Asia over disputed islands, and in rows with Washington over trade, the yuan currency and human rights.

Chinese parliamentary spokesman Li Zhaoxing said the defense budget would be 601.1 billion yuan ($91.5 billion) in 2011, from 532.1 billion yuan last year. The budget went up by just 7.5 percent in 2010, after a long period of double-digit hikes.

Many experts believe China's actual spending on the 2.3 million-strong People's Liberation Army (PLA) is far higher than what the government reports.


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