China's military budget increases.
March 4, 2008 8:27 PM Subscribe
posted by wilful (44 comments total)
1 user marked this as a favorite
China has announced it will increase defence spending by 18%
to 417.8bn yuan (US$59bn; £30bn) this year. The US Department of Defense estimates the true figure is at least double that (huge .pdf)
China spends less on defence, as a proportion of GDP, than the US, UK, France and Russia.
The US is concerned that China is developing weapons that would disable its enemies' space technology - such as satellites - in the event of a conflict (what, like this