China’s military continues to grow – spending tops $100 billion for the first time

China announced an 11.2% increase in its defense budget for 2012.

For the first time, China’s defense spending will top $100 billion

At a news conference Sunday, Li Zhaoxing, a spokesman for the congress, announced the $110-billion budget, while stating that the spending “constitutes no threat to other countries.’’

“You can see that we have 1.3 billion people with a large land areas and a long coastline, but our outlays on defense are quite low compared to other major countries,” said Li.

By way of comparison, the U.S. Congress has approved $662 billion in Pentagon spending for next year.

Last year at this time, Beijing announced a 12.7% increase in military spending, resuming double-digit expansion after a more modest 7.5% increase in 2010.

Adm. Robert Willard, U.S. commander for the Asia-Pacific region, told the Senate Arms Services Committee last week: “They continue to advance their capabilities and capacities in all areas.”

via LA Times

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