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Beijing splurging on military as U.S. pulls back
Posted By -NO AUTHOR- On 04/24/2014 @ 7:55 pm In World | No Comments
(Associated Press) China’s navy commissioned 17 new warships last year, the most of any nation. In a little more than a decade, it’s expected to have three aircraft carriers, giving it more clout than ever in a region of contested seas and festering territorial disputes.
Those numbers testify to huge increases in defense spending that have endowed China with the largest military budget behind the United States and fueled an increasingly large and sophisticated defense industry. While Beijing still lags far behind the U.S. in both funding and technology, its spending boom is attracting new scrutiny at a time of severe cuts in U.S. defense budgets that have some questioning Washington’s commitments to its Asian allies, including some who have lingering disputes with China.
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