The government of China announced Friday that it plans to increase its defense budget by 12.7 percent, according to Xinhua news agency. Li Zhaoxing, a former foreign minister for the Chinese government, made the announcement at the Fourth Session of the 11th National Peoples Congress, the news service reported. Li is the spokesman for the session, according to Xinhua. The planned increase in Chinas defense budget would mark the second hike in military spending in as many years, according to the government. In 2010, China increased its defense budget by 7.5 percent from the previous year, Li said. In 2011, China plans to increase defense spending by 67.6 billion yuan to a total of 601 billion yuan, according to Li. The sum is the equivalent of $91 billion U.S., he said.
Kinda' funny we're getting ready to cut our military. One thing China understands...you do not cut your military budget in a time of economic weakness. Instead we have a Super Committie that can't even manage to tighten the government belt one notch tighter without a freakin' security threat to the head of every American.
Add onto that you got 0bama putting more troops in Australia, due to China? Don't think anything is up with that?
That does not mean they are not a military threat. They are. It is however more of a threat to have an internal collapse because of their form of government. Their central planning is showing the same strains that Russia's did and is getting increasingly unstable.