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China’s Defense Budget to Grow 12% This Year

John on March 4, 2011 at 5:00 am

From the WSJ:

China’s government plans to increase its defense budget by 12.7% this year, a pickup from last year’s sharply slower growth that comes amid widening concerns about the capabilities and intentions of China’s military.

[...]

The projected rise is faster than last year’s 7.5% increase—the slowest clip in decades—but is significantly slower than the roughly 19% annual growth in years before 2010. The new figure comes amid signs that China’s growing economic and military power is prompting other nations in the region to beef up their own militaries, pushing Asia into a new arms race.

How about a new Cold War to go with the hot one we’re still facing in Afghanistan?

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