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 …

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 …