China’s Rising Defense Budgets Stoke Regional Concerns
Credit: Bill Sweetman/AW&ST
Spending on China’s People’s Liberation Army (PLA) can be expected to continue to grow at a double-digit annual pace in 2015, despite a slight economic cooling in 2014 that saw the nation miss its official goal of 7.5% growth in gross domestic product, and expectations that growth could fall to 7%...
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