A new study shows that over the past decade, five Asian powers have increased military spending to levels among the highest in the world, with China leading the way. The study released Monday by the Washington-based Center for Strategic and International Studies says China has quadrupled its defense budget since 2000. It also says India, […]
Asian Powers Increase Military Spending
Posted October 15th, 2012 at 8:20 pm (UTC-5)
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China Boosts Military Spending by 11.2 Percent in 2012
Posted March 4th, 2012 at 8:50 am (UTC-5)
China says its defense budget will rise 11.2 percent in 2012 to $106.7 billion, as strong economic growth continues to fuel rapid military expansion. Chinese parliamentary spokesman Li Zhaoxing told reporters Sunday that defense spending would increase about $10.6 billion over actual spending in 2011. Li said “China has 1.3 billion people, a large territory […]
China Boosts Military Spending by 11.2 Percent in 2012
Posted March 4th, 2012 at 12:05 am (UTC-5)
China says its defense budget will rise 11.2 percent in 2012 to $106.7 billion, as strong economic growth continues to fuel rapid military expansion. Chinese parliamentary spokesman Li Zhaoxing told reporters Sunday that defense spending would increase about $10.6 billion over actual spending in 2011. Li said China is a large country with a long […]
Rich Chinese Drop $7.2 Billion Abroad in Holiday Spending
Posted February 2nd, 2012 at 12:25 pm (UTC-5)
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A leading research group says Chinese consumers spent a record $7.2 billion abroad on luxury goods during the Chinese New Year’s holidays, which ended last week. The World Luxury Association figures, reported in Chinese media, says luxury consumption jumped nearly 30 percent from 2011 and far surpassed spending projections formulated last year. The People’s Daily […]
Gates, Mullen Discuss US Defense Cuts, Warn Against ‘Hollow’ Force
Posted June 15th, 2011 at 1:16 pm (UTC-5)
U.S. Defense Secretary Robert Gates is calling on Congress to support strategic cuts to the defense budget, while ensuring the military remains strong enough to respond to the threats facing the nation. Testifying before a Senate appropriations subcommittee Wednesday, Gates said the overarching goal is to preserve a U.S. military capable of meeting crucial national […]
