The double-digit increase in Chinas 2014 defense budget amounts to - TopicsExpress

The double-digit increase in Chinas 2014 defense budget amounts to the biggest increase in absolute terms in at least a decade—$14.4 billion—and serves as a sign that Beijing is determined to prioritize military spending as the Pentagon faces cutbacks. IHS Janes—which also tracks global defense spending—predicts that by 2015, China will spend more on its military than the U.K., France and Germany combined.

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