China defense budget rise to defy slowing economy




 
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March 4th, 2015  
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Topic: China defense budget rise to defy slowing economy


By Megha Rajagopalan BEIJING (Reuters) - China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets. Last year, defense spending rose 12.2 percent to $130 billion, second only to the United States. China has logged a nearly unbroken two-decade run of double-digit budget increases, though many experts think the country's real defense outlays are much larger. The military build-up has jangled nerves around the region, particularly as China has taken an increasingly robust line on its territorial disputes in the East and South China Seas.




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