China has done it again. In early March, it released its defense budget for 2015, and as in almost every year for over almost two decades, it increased its military expenditure by double-digit percentages. This year, the Chinese defense budget will rise by 10.1 percent, to roughly $145 billion. And it seems likely that the trend will continue, much to the concern of Washington and regional capitals.
Already, China is the second-biggest military spender in the world, having surpassed the United Kingdom in 2008. China’s new budget for the People’s Liberation Army (PLA) is more than three times those of other big spenders such as France, Japan, and the United Kingdom, and nearly four times that of its rising Asian rival, India. It is also the only country besides the United States to have a triple-digit defense budget (in billions of U.S. dollars).
This level of spending is all the more
Loading, please wait...