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BBC News - China military budget tops $100bn

China's official defence spending will rise by 11.2% in 2012, pushing it above $100bn (£65bn) for the first time, the government has announced.

Beijing's defence budget has risen each year for two decades to become the world's second-biggest, behind the US.

It is developing an aircraft carrier, a stealth fighter jet, and missiles that can shoot down satellites.

The US promised to bolster its presence in the region last year, in a move seen as countering China's dominance.

Washington, which spends about $740bn on defence each year, already has bases housing thousands of American troops across the region.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Sun Mar 4th, 2012 at 01:06:46 PM EST
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China's military budget is now nearly twice that of the UK. Personally I think this shows that we spend far too much, but I'm not a paranoid empire fantasist.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 5th, 2012 at 03:12:36 AM EST
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