By Dave Ahearn China likely will continue its explosive 12 to 18 percent increase in military spending, an analyst said. The Asian giant can well afford such outlays, with a national debt equivalent to just 25 percent of economic output, compared to 80 percent in the United States and 100 percent in Japan, according to David Finkelstein, vice president and director of China studies with CNA, a Washington think tank focusing on defense and other issues that includes the Center…
China Seen Continuing 12 To 18 Percent Annual Defense Spending Increases: Analyst
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