China’s New Defence Budget: What Does It Tell Us? – Analysis

In early March, China released its defence budget for 2012, which broke the symbolic US$100 billion barrier for the first time. In fact, Chinese military expenditures will total US$106.4 billion (S$134 billion), an increase of 11.2 percent over 2011 – and this does not include possible hidden spending, which could add billions of dollars per year to the Chinese defence budget.

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