Skip to comments.China to increase defense budget by 10.7% (No Sequestration there)
Posted on 03/05/2013 6:43:35 PM PST by SeekAndFind
And that's just what they’re willing to admit:
Chinas military spending will grow by 10.7 percent this year a notable increase in the face of sluggish economic growth according to official reports delivered Tuesday at the kickoff of a two-week meeting that will culminate in the elevation of Chinas new president and premier.
The military increase continues nearly two decades of double-digit growth and comes at a critical time as the incoming leaders are consolidating their power and shoring up personal relations with Chinas generals.
Leaders also set their target for Chinas economy to grow 7.5 percent this year, a number unchanged from last year and modest compared to previous decades of furious growth. The goal reflects belief that the effects of Chinas economic slowdown will likely linger in the coming year.
The latest figures delivered by Chinas outgoing Premier Wen Jiabao opened the National Peoples Congress, an annual parliamentary meeting comprised of highly choreographed speeches, press conferences and rubber stamp votes for initiatives laid out by the ruling Communist Party. The meeting is expected to end on March 17 with party leader Xi Jinping becoming Chinas new president.
Wens remarks included standard praises for the past years work but sprinkled with admissions of problems he and President Hu Jintao were leaving their successors: unsustainable development, corruption, pollution, innovation stifled by dominant state-owned enterprises, income disparity and the gap between rural and urban development.
This is something to keep in mind while we discuss our own global security policies and defense spending over the next several years. We’re likely to face only one potential emerging superpower in the next few decades, and if we’re not prepared to match strength, we’ll end up getting challenged and pushed back in the Pacific. Perhaps it might make sense to shift away from a Europe-centric view of global security and put resources where the greatest potential threats will lie.
Listen up people.
We need to sell American goods.
We need to change the way we do things, and bring back American jobs.
China is not America. China is our opponent. Stop sending US jobs to China, and BRING BACK US JOBS FROM CHINA.
They balance their budget with US dollars.
Plus the article makes clear they lie about this and the figure is way higher. Yet the headline carries the lie as fact.
The Russians are also increasing their defense spending by similar numbers. The Iranians and North Koreans are in overdrive, same goes for Venezuela, Cuba, and Nicaragua.
Thanks SeekAndFind. Funny, I don’t remember Zero bringing up this problem during his “sequester bad” harangue. It’s almost as if the fact that the sequester was his idea and the cuts thus far are his doing and no one else’ somehow relate to his dereliction of duty to defend us.