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China Increasing Defense Spending by 10.7 Percent

by: Richard_Dudley
March 17, 2013

Category: China, Syndicated Industry News | RSS 2.0

chinaThe People’s Republic of China (PRC) has announced plans to increase defense spending in 2013 by 10.7 percent, to $115.7 billion. Actual spending is believed by some to be as much as 50 percent higher than the numbers publicly announced - amounting to about a third of the annual US defense budget.

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