Report: China biggest Asian arms spender
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The United States remained the world's biggest military spender last year, devoting about $529 billion to arms, while China overtook Japan as Asia's top arms spender, a Swedish research institute said Monday.
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MOSCOW, Oct 5 (IPS) - Russia is increasingly supplying military arms and  weaponry to developing countries in what defence analysts  describe as the largest post-Soviet export deals.
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The Bank of China has bought Asia's largest aircraft leasing company SALE, Singapore Airlines -- one of four shareholders in the firm -- has announced.
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Experts are concerned that some high-tech exports could help China modernize its military.
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In a move that could further chill ties  between the two Asian powers, an advisory panel to Japan's  prime minister will say China should be described as a military  threat in a defense review, the Nihon Keizai newspaper reported  on Wednesday.
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China's military budget will increase by 17.8% in 2007, a senior official in Beijing has announced.
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The United States will spend more than $500 billion on security this year, a high-water mark that is creating boom times in the armaments industry.
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China has voiced concern over Japan&#39;s overhaul of defence policy that eased a decades-old ban on arms exports and suggested a shift from a defensive posture.
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China overtakes the US as Japan's biggest trading partner, official figures show.
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The Pentagon said Wednesday that China is concealing its spending on weapons programs, including technology to disrupt U.S. space efforts. Testifying before a mostly supportive House Armed Services Committee, the deputy undersecretary of defense for Asia said, "What we see is a deliberate effort on the part of China's leaders to mask the nature of Chinese military capabilities."
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BEIJING, March 4 -- China announced Sunday it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior U.S. official immediately called for more clarity on what the expenditures are for.
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China's largest maker of PCs is one of the potential buyers, newspaper says.
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China hit back at a Pentagon report on its rising military might on Monday, saying it was exaggerated and an interference in Chinese domestic affairs.
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After promising more transparency, China blindsides the U.S. by announcing a big jump in defense spending. What's behind the move?
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More than $900 million was misappropriated from ChinaÂs $37 billion social security fund in the countryÂs latest massive government fraud.
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China's will boost defense spending by 17.8 percent in 2007, accelerating the emerging power's string of annual double-digit rises in money for a modern military that reflects its economic strength.
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Japan claims its project is the biggest since Apollo. China says it is readying its probes to study the lunar surface to plan a landing.