China's defense budget to double over 5 yearsPosted by Randy | February 23, 2012
According to a new forecast by the research group IHS Global Insight, China is set to double its defense spending between 2011 and 2015. This increase from $119.8 billion to $238.2 billion will exceed the combined spending of the next twelve largest defense budgets in the Asia-Pacific region, solidifying China's status as a regional superpower.
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