Wednesday, March 05, 2014

Rumors of War - Kings of the East

My Way News - China vows tough reforms, stronger defense
My Way News reports: "China announced a 12.2 percent increase in military spending to $132 billion. That followed last year's 10.7 percent increase to $114 billion, giving China the second-highest defense budget for any nation behind the United States, which spent $600.4 billion on its military last year. Increases in China's military budget have regularly exceeded both total increases in government spending and the nation's rate of economic growth. That has allowed lavish spending on new hardware and better conditions for soldiers, raising concerns about how China intends to use its new-found power amid a rise in tensions with Japan over uninhabited islands in the East China Sea."

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