Monday, March 09, 2009

Keeping an Eye on the Long Game: Part XXXIII

Nice that they have found something to do with that nice trade surplus we keep giving them.

Hope and Change!
Prime Minister Wen Jiabao said Thursday that China's military needed to be modernised "across the board" as a 15.3 percent increase in defence spending was placed before parliament.

"We need to make our army more revolutionary, modern and standardised, focusing on enabling it to fully carry out its historic missions," Wen said in his annual address to the National People's Congress.

"We will... continue to enhance the army's ability to respond to multiple security threats and accomplish a diverse array of military tasks... we will modernise weapons, equipment and logistics support across the board."

... the defence budget was set to rise to 480.7 billion yuan, up 62.5 billion yuan or 14.9 percent from the previous year.


Both figures represent a doubling of defence spending since 2006.

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