UA-9726592-1

Friday, March 4, 2011

China increasing defense budget



China has announced it will increase its defence budget by 12.7 per cent this year.

The Chinese are expected to spend about US$ 92 billion on defense provided National People's Congress approves the defense budget. Reuters is saying the budget will increase to 14.9 per cent.

GOP defence hawks will certainly notice the budge increase. 

source: Al Jazeera and Reuters

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