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CHINAMilitary budget to grow by 12.6% Military spending will grow by 12.6 percent this year, a senior official said March 4 as the nation readies to prevent any eventual move by Taiwan to declare independence. "According to the draft budget given to this year's congress by the State Council, it has been proposed that national defense expenditures be 247.7 billion yuan ($29.9 billion), up 12.6 percent from last year," Jiang Enzhu, spokesman for the National People's Congress said. The rise in spending comes with Washington voicing concern that China's military buildup could tilt the strategic balance with Taiwan and threaten U.S. forces in Asia.
The Japan Times Weekly: March 12, 2005 |
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