Duri News - Military spending in China will grow 11.2% this year, announced, Sunday, March 4, Li Zhaoxing, former Foreign Minister became the spokesman of the NPC. The envelope, which had increased by 12.7% in 2011 will reach 670.2 billion yuan (80.5 billion euros).
This double-digit increase, exceeding the growth of Gross Domestic Product (GDP) of China (+9.2% in 2011), confirms that Beijing is working extra hard to catch up on Washington and Moscow military. The further increase tensions could rise in the western Pacific, where Beijing says its growing ambitions, especially around disputed islands including Japan, Vietnam and the Philippines.
"China is determined to stay on the voice of peaceful development and pursues a policy of military national defense," said Li Zhaoxing, speaking to the press before the opening of the annual session of National People's Congress, during which the budget is approved. "China has 1.3 billion people, we have a large territory and long coastline, but our military spending is relatively low compared to other countries," he said.
The amount of official military budget of China is, according to experts, an underestimation of military spending actually performed. "The actual budget is about double," says Willy Lam for example (Chinese University, Hong Kong). The increase of the official budget was 12.7% in 2011 and 7.5% in 2010, but it exceeded 10% in most of the last twenty years.
CONCERN IN WASHINGTON
The Pentagon is paying more and more importance to the Asia Pacific region where he is concerned about the rise of the People's Liberation Army, the largest in the world and whose programs remain surrounded in in secrecy. In November, U.S. President Barack Obama announced that his country would strengthen its military presence in Australia, a decision in which Beijing saw the sign of a "Cold War mentality". Washington also plans to station warships in Singapore and strengthen its workforce in the Philippines and Thailand.
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This double-digit increase, exceeding the growth of Gross Domestic Product (GDP) of China (+9.2% in 2011), confirms that Beijing is working extra hard to catch up on Washington and Moscow military. The further increase tensions could rise in the western Pacific, where Beijing says its growing ambitions, especially around disputed islands including Japan, Vietnam and the Philippines.
"China is determined to stay on the voice of peaceful development and pursues a policy of military national defense," said Li Zhaoxing, speaking to the press before the opening of the annual session of National People's Congress, during which the budget is approved. "China has 1.3 billion people, we have a large territory and long coastline, but our military spending is relatively low compared to other countries," he said.
The amount of official military budget of China is, according to experts, an underestimation of military spending actually performed. "The actual budget is about double," says Willy Lam for example (Chinese University, Hong Kong). The increase of the official budget was 12.7% in 2011 and 7.5% in 2010, but it exceeded 10% in most of the last twenty years.
CONCERN IN WASHINGTON
The Pentagon is paying more and more importance to the Asia Pacific region where he is concerned about the rise of the People's Liberation Army, the largest in the world and whose programs remain surrounded in in secrecy. In November, U.S. President Barack Obama announced that his country would strengthen its military presence in Australia, a decision in which Beijing saw the sign of a "Cold War mentality". Washington also plans to station warships in Singapore and strengthen its workforce in the Philippines and Thailand.
Thank you for reading the article: » The Chinese military budget flames
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