The 5 Minute Debrief: Hu-gone Chávez




China increases defence budget (so does India, but not so much) China announced another double-digit increase in its annual defence budget this week while India also boosted its military spending. China’s budget grew 10.7% to $116 billion for FY2013 while India only saw a marginal increase, meaning it now stands at $36 billion. With president Xi Jinping newly appointed, this budget sends a clear signal that he will stand-up China’s military expansion and continue to support the P...
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