China continues to boost defence budgets, India lags behind
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Another double-digit boost to its annual defence budget means China continues to set the pace in Asia’s military arms race.Beijing announced this week that its 2013 defence spend would climb nearly 11% to $115.7 billion at a time when a number of territorial disputes, most notably with Japan over the Senkaku Islands, are on the verge of spilling over into military tussles. With president Xi Jinping newly appointed, this budget sends a clear signal that he will stand-up China’s military expansion...
