China Accelerates Arms Race as it Beefs Up Defense Spending

China Accelerates Arms Race as it Beefs Up Defense Spending

– BEIJING – China announced on Monday an 8.1 percent defense budget increase for 2018, giving a boost to the modernization of the world’s largest military after spending slowed in the previous two years. Beijing will splash out 1.11 trillion yuan (US$175 billion) on its military, according to a budget report presented before the opening […]