China will increase its defense budget 7.2% this year– abcnews.go.com
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Excerpt:
TAIPEI, Taiwan — China said Wednesday it will increase its defense budget 7.2% this year, as it continues its campaign to build a larger, more modern military to assert its territorial claims and challenge the U.S. defense lead in Asia.
China’s military spending remains the second largest behind the U.S. and it already has the world’s largest navy.
