Report: China biggest Asia arms spender
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The United States remained the world's biggest military spender last year, devoting about $528 billion to arms, while China overtook Japan as Asia's top arms spender, a Swedish research institute said Monday.
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The US is concerned over China&#39;s military build-up, including deployment of long range ballistic nuclear missiles, via a ballooning and non-transparent budget, an annual Pentagon report said Friday.
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China's loss appears to be other Asian stock markets' gain.
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China's largest maker of PCs is one of the potential buyers, newspaper says.
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Australia plans to spend nearly $300 million on new long-range missiles. The Defense Minister says the missiles, capable of hitting land and sea targets, will be carried on F/A-18 fighter jets and maritime patrol planes.
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TAIPEI, Taiwan -- A proposed $18.2 billion purchase of U.S. weapons by Taiwan has bogged down in the island's hard-fought electoral politics despite repeated warnings from the Bush administration that the new arms are imperative to bolster defenses against China.
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China plans to boost defense spending by 17.8 percent in 2007, continuing the emerging power's stretch of double-digit annual increases in money for missiles, tanks and the building blocks of military modernization.
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Experts are concerned that some high-tech exports could help China modernize its military.
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China has seen its trade surplus hit $22.4bn in May from a year earlier, according to official data.
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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&#39;s huge investment in Barclays Bank is part of the cashed-up Asian giant&#39;s plan to spend big on foreign assets around the world and deepen its global commercial influence, analysts said Tuesday.
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TAIPEI : China is likely to have 800 ballistic missles targeting Taiwan before the end of 2006, Taipei&#39;s defense minister said as he pressed the case for an 18 billion dollar special defence budget.
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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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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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BEIJING, March 12--China reported that its trade surplus in February surged ninefold from the same period a year earlier to $23.76 billion -- one of the highest monthly totals ever -- as top Chinese government officials reaffirmed promises to take measures to try to halt the widening gap.
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Â· Military spending to hit highest level since WWIIÂ· Plans will leave successor with spending headache
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XIAMEN, China  - Just over a decade ago, China lobbed missiles into waters near Taiwan in an attempt to influence the island's presidential election. Troops were mobilized and fighter jets readied.