China Boosts Military Spending

Clean Rating: Safe for work.
thumb_up thumb_down 0 | thumb_up thumb_down

China is to increase its defence budget by 10.7 per cent this year. The rise continues a trend of double-digit hikes over the last 20 years. The authorities said military spending will reach 90 billion euros for 2013. Despite the huge cash injection it underscores a trend of slower growth in the Chinese economy with Premier Wen Jiabao aiming for 7.5 percent growth this year, lower than previous projections. Admiral Wang Jianxin says China is not sabre-rattling, but ensuring its security: "We do not wish to have a war. But the Chinese military personnel and forces are firmly determined in terms of safeguarding China's security, interests, sovereignty and territory."

Add your comment

Login or join to comment


  1. Copperhead_
    Copperhead_ Aug 13, 2013

    It look like they are trying to combine the best of US military equipment and TTP with the best of Russia's military equipment and TTP.

  2. 13932331
    13932331 Nov 23, 2013

    America waste within administrative Army is epidemic. Redundant organizations, work that adds no value, federal salaries that often triple the national average, federal employees that have become spoiled divas and that take their $100,000 a year salaries for granted, six weeks of vacation, 10 paid holidays, and telework for granted. 70% of federal employees do the bare minimum to get by and tardiness, long lunches, and surfing the internet during duty time is the norm. Sequester is the only way to get this under control. A bureaucracy cannot and will not police itself. Congress must use the power of the “purse” to stop this madness. Reducing the federal workforce by 60% needs to be the first step. America the budget battle is not only a fight against federal waste; it is a fight against the tyranny of America’s first dictator; “CZAR/KING Obama”. Continue sequester; it is the only way to stop the madness. P.S. I am a 30 federal employee with the Department of Defense that is just tired of seeing the waste day in day out. America we have a spending problem not a revenue issue; we are taxed enough already.

Newest Videos