China’s 2013 Military Budget to Rise 10.7% to US $114.3 Billion–What it Means, and Why it Matters
What happened?
Today, on Tuesday 5 March 2013 (Beijing time), China revealed its latest official defense budget: a projected 10.7% increase to 720.2 billion yuan (US $114.3 billion) for 2013.
The English version of the relevant report released at the National People’s Congress, Ministry of Finance of the People’s Republic of China, “Report on the Implementation of […]