|
|||||
|
|||||
|
|
|
|
|
|
|
|||||
 |
 |
    |
|
|
|||
 |
|
||
|
|||
|
|
|
|
||||||||
|
China: Beijing’s Military Budget to Jump 17 Percent China will announce this week that it is increasing its military spending by more than 17 percent, and international analysts say the actual increase could be much larger, the South China Morning Post reported today. Unpublicized money could be funding a new missile program, a program to equip missiles with multiple warheads or an effort to develop new nuclear weapons, said Larry Wortzel, vice president of the Heritage Foundation in Washington (see GSN, Feb. 11). In an effort to combat terrorism and intimidate Taiwan, China will spend about $24 billion on defense, an increase of more than $4 billion from last year’s budget, according to the Morning Post. This will mark the 13th consecutive year that China has posted a double-digit percentage increase in its military spending, the Morning Post reported. The actual figure could be as much as three to four times the official amount, Wortzel said (Fong Tak-ho, South China Morning Post, March 5).
| ||||||||||
Back to top
