China Announces 10 Percent Hike To Defense Budget
China today announced a double-digit hike to its defense budget with a 10.7 percent increase for 2013-14.
Amid territorial deputes with neighbors, China’s military now has $115.7 billion to ‘to make Chinese armed forces more mechanised and information-based’. The Chinese military is quickly undergoing modernization against the possibility of a stand-off with Japan over the disputed islands.
China spent $106.4 billion on national defence in 2012, an increase of 11.5 per cent than the previous year, making it one of the world's top defence spenders, the Press Trust of India reported.
In 2012, China launched its first aircraft carrier along with various new fighter jets including a stealth fighter bracing to deal with big US military push into Asia Pacific. Beijing has also tested technology programed to destroy incoming missiles and is constructing new submarines, surface ships and anti-ship ballistic missiles as part of its naval modernization.
NPC spokesperson Fu Ying yesterday said that China's defensive military policies played a "core role" in maintaining peace and stability in Asia.
"China's peaceful foreign policies and its defencive military policies are conducive to security and peace of Asia," he said.
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Before 1852 Iron Age Japan wasn\'t a threat to anybody except other Iron Age countries within rowing distance (Korea). And then Commodore Perry sailed into Japan with his fireworks show, and forced open trade with Japan by pointing guns at them. They said that if the US didn\'t gain a trade advantage with Japan than the Dutch will, or the British will, or the German Empire will, or the Russians will; so it\'s better that we get there first with guns ablazing. Japan rapidly industrialized. 40 years later..... 1894 First Sino-Japanese war. Japan gains Liaodong Pensinsula, Taiwain and Pengu. 1904 Russio-Japanese war. First time an eastern power defeats a western great power. Allows Japan to annex Korea. 1931 Second Sino-Japanese war. Japan gains Manchuria. 1941 Pearl Harbor. Before 1978 Maoist China wasn\'t a threat to anybody except other Communist countries within walking distance (Vietnam). And then Nixon flew into China with his fireworks show, and started trading with China. They said that if the US didn\'t gain a trade advantage with China than the EU will, or the Japanese will, or the Germans will; so it\'s better that we get there first with free trade propaganda ablazing. China rapidly industrialized. 40 years later.....
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