Thursday, 5 March 2009

Chinese and US military spending hikes

China is to increase its military expenditure by 14.9 percent this year, according to official sources. The US is increasing its military expenditure by a reported 7.5 percent, before allowing for Afghanistan and Iraq expenditures. The US's expenditure level is far higher than China's at the moment.

No other countries have the economic capacities to match these increases in the medium term, and in a recessionary world economy the increases show strong military commitment even on the part of China and the US.

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