04 Mar '11, 4am

China raises defence budget

China raises defence budget

BEIJING: China announced a double-digit increase in its secretive military budget on Friday but insisted the annual outlay of more than 90 billion dollars posed no external threat, despite concern worldwide. The defence budget will rise 12.7 per cent in 2011 to 601.1 billion yuan ($91.7 billion), according to Li Zhaoxing, spokesman of the national parliament and a former foreign minister. He said the figure was contained in a budgetary report submitted for approval to the Communist Party-controlled National People's Congress, which opens its annual 10-day session on Saturday. "China has always paid attention to controlling the size of defence spending," Li told reporters, describing spending as "relatively low" as a percentage of gross domestic product compared with the rest of the world. Li said the figure represented six percent of the total national budget in the world'...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

Tweets

China's military might worries Japan

China's military might worries Japan

channelnewsasia.com 03 Mar '11, 8am

TOKYO: Japan voiced renewed concern Thursday over China's growing military power, a day after two Chinese naval planes mad...

China vows to build powerful army

China vows to build powerful army

channelnewsasia.com 05 Mar '11, 3am

BEIJING: Chinese Premier Wen Jiabao vowed on Saturday that China would continue building a "powerful" military, one day af...

DUE TO THE ON-GOING INVESTIGATIONS, RP's action...

channelnewsasia.com 03 Mar '11, 6pm

MANILA: The Philippine military on Thursday accused the Chinese navy of entering Manila's waters in the South China Sea an...

Chinese military growing fast but concerns 'regional' - Straits Times #china

Chinese military growing fast but concerns 'reg...

straitstimes.com 08 Mar '11, 12pm

China's military shows off their latest missiles during the National Day in Beijing. China is building its military capabi...

Budget Recommendation: Slash defence spending by $1B and increase growth dividends by 65%

Budget Recommendation: Slash defence spending b...

sgpolitics.net 15 Mar '11, 12pm

Of course, it should be noted that there is a limit as to how much defence spending can be slashed. There has to be contin...

Australia's prime minister tells the US to embrace China's economic rise and pleads for US engagement in the...

Australia's prime minister tells the US to embr...

channelnewsasia.com 09 Mar '11, 5pm

WASHINGTON: Australian Prime Minister Julia Gillard on Wednesday urged Americans downcast by their woeful economy to embra...

Taiwan confirms US role in cracking China spy case via @cmswire

Taiwan confirms US role in cracking China spy c...

straitstimes.com 08 Mar '11, 9am

Taiwan authorities in January arrested Major General Lo Hsien-che (above) over claims that he spied for China, reportedly ...

China raises petrol, diesel prices

China raises petrol, diesel prices

channelnewsasia.com 20 Feb '11, 4am

BEIJING: China raised wholesale petrol and diesel prices by 350 yuan ($53) per tonne Sunday, the second rise in two months...

Japan alarmed by approaching China vessel

Japan alarmed by approaching China vessel

channelnewsasia.com 05 Mar '11, 7am

TOKYO: Japan went on alert Saturday as a Chinese surveillance vessel approached a disputed island chain at the centre of a...

China stands firm in Philippine sea spat

channelnewsasia.com 04 Mar '11, 9am

MANILA: China on Friday brushed aside Philippine complaints that Chinese patrol boats had inappropriately harassed a Filip...

DTN China: China targets 7% growth, cap on infl...

sg.news.yahoo.com 27 Feb '11, 3am

BEIJING (AFP) - – Premier Wen Jiabao on Sunday said China had set a lower than usual economic growth target and pledged to...

China inflation seen easing in February

channelnewsasia.com 06 Mar '11, 10am

BEIJING : A top Chinese official said on Sunday that inflation was likely to have slowed in February, just a day after Pre...

China's inflation hits 4.9% in Feb

channelnewsasia.com 11 Mar '11, 3am

BEIJING: China said on Friday that consumer prices rose 4.9 per cent year-on-year in February, well above the official tar...

S.Korea coastguard shoots China crewman

S.Korea coastguard shoots China crewman

channelnewsasia.com 04 Mar '11, 2am

SEOUL: South Korea's coastguard has shot and wounded a Chinese crewman after coming under attack aboard a boat suspected o...

Sharp yuan rise would hurt China economy: Wen

Sharp yuan rise would hurt China economy: Wen

straitstimes.com 27 Feb '11, 4am

Chinese Premier Wen Jiabao said China would aim for a seven per cent annual growth over the next five years. -- PHOTO: AFP...