China had just announced that it will increase its defense budget by 11.2 per cent this year. According to Reuters, “The increase announced by parliament spokesman Li Zhaoxing will bring official outlays on the People’s Liberation Army (PLA) to 670.3 billion yuan ($110 billion U.S.) for 2012, after a 12.7 percent increase last year and a near-unbroken string of double-digit rises across two decades. Beijing’s public budget is widely thought by foreign experts to undercount its real spending on military modernization, which has unnerved Asian neighbors and drawn repeated calls from Washington for China to share more about its intentions.”
Sunday, March 18, 2012
China has announced it will increase defense spending by 11.2% in 2012
China had just announced that it will increase its defense budget by 11.2 per cent this year. According to Reuters, “The increase announced by parliament spokesman Li Zhaoxing will bring official outlays on the People’s Liberation Army (PLA) to 670.3 billion yuan ($110 billion U.S.) for 2012, after a 12.7 percent increase last year and a near-unbroken string of double-digit rises across two decades. Beijing’s public budget is widely thought by foreign experts to undercount its real spending on military modernization, which has unnerved Asian neighbors and drawn repeated calls from Washington for China to share more about its intentions.”
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