ajay0
Well-Known Member
China, which is the second highest spender on defense after the US, has allocated 1.67 trillion yuan (about $232 billion) for defence spending. With the largest navy on earth and developing naval capabilities on a fast pace, China is focussed on attaining its objective of incorporating democratic Taiwan into its fold as well as dominate the South China Sea at the expense of its neighbors. It also have territorial disputes with India, Japan, Vietnam and Bhutan.
China raises defence budget 7.2% as it pushes for global heft and regional tensions continue
Tensions with the U.S., Taiwan, Japan and neighbours who share claims to the crucial South China Sea are seen as furthering growth in increasingly high-tech military technologies from stealth fighters to aircraft carriers and a growing arsenal of nuclear weapons.
economictimes.indiatimes.com
Beijing: China on Tuesday announced a 7.2% increase in its defence budget, which is already the world's second-highest behind the United States at 1.6 trillion yuan (USD 222 billion), roughly mirroring the rise of the last year.
Tensions with the U.S., Taiwan, Japan and neighbours who share claims to the crucial South China Sea are seen as furthering growth in increasingly high-tech military technologies from stealth fighters to aircraft carriers and a growing arsenal of nuclear weapons.