Beijing Accelerates Its Military Spending
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The increase prompted the U.S. to renew calls for more transparency about the intent of Chinaâs arms buildup.
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China will continue to strengthen its armed forces, Premier Wen Jiabao said Monday, as the United States expressed concern over a sharp rise in military spending.
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British military forces in Afghanistan are using up missiles, rockets and spare parts at a faster rate than expected, a newspaper has reported.
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The sizzling pace of Chinese capital spending barely slowed in November despite curbs on lending, showing why the authorities intend to tighten monetary policy further in 2008.
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Global military spending is   expected to hit $1.06 trillion this year, topping the record   set during the Cold War era, an international aid agency   reported on Friday.
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BEIJING -- China's military spending will jump 17.8 percent this year, the spokesman for the National People's Congress said today. Jiang Enzhu told a news conference that military spending would hit $44.94 billion in 2007 -- an increase of $6.84 billion over last year. Jiang said most of the money would be spent on boosting wages and living allowances for ...
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China BEIJING -- China plans to spend $3.85 billion during the next five years on developments including high-speed trains, wind power stations, and sea water desalination technology. About $942 million has already been allocated from the central budget, with the remaining money coming from companies, local governments, and institutes, the Ministry of Science and Technology said.
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Prime Minister Gordon Brown arrived in Beijing on Friday on a short trip to boost trade with the world's fastest-growing major economy.
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China is modernizing its military in ways that give it options for launching surprise attacks, potentially on targets far from its borders, the Pentagon said yesterday.
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China is improving its capacity for launching surprise military attacks along its border areas, reflecting its view that preemption is necessary when confronting a more powerful enemy, the Pentagon said Friday.
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China hits back at the US over calls for greater transparency in Beijing's military spending.
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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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Beijing is making a big push to market itself, similar to the way the U.S. promoted its culture and values during the cold war.
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BEIJING -- China will increase its peacekeeping force in Lebanon to 1,000 and double the humanitarian aid it has pledged, Premier Wen Jiabao said yesterday .
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China&#39;s spending on fixed assets such  as roads and power plants accelerated in the first five months  of the year, prompting predictions of imminent monetary  tightening to slow the world&#39;s fourth-largest economy.
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Nine more countries offer China  incentives to invest in oil and gas projects as it steps up its hunt for new supplies.
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China's economy accelerated to 9.5 percent growth in the year through the fourth quarter, exceeding forecasts and raising the risk of another interest rate increase to avoid overheating.