China’s Defense Budget Hits Record $91.5B

TAIPEI – China has announced a 12.7 percent increase in its annual defense budget to a new high of $91.5 billion, up from $78.6 billion in 2010 and a return to the double-digit growth recorded through most of the 2000s. Last year's increase was 7.5 percent. China's defense budget rose from $27.9 billion in 2000 to $60.1 billion in 2008.

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