Political Risk

China’s Double Digit Defense Growth And What it Means for a Peaceful Rise

“China has done it again. In early March, it released its defense budget for 2015, and as in almost every year for over almost two decades, it increased its military expenditure by double-digit percentages. This year, the Chinese defense budget will rise by 10.1 percent, to roughly $145 billion. And it seems likely that the trend will continue, much to the concern of Washington and regional capitals.”

Source: Richard A. Bitzinger | China’s Double Digit Defense Growth And What it Means for a Peaceful Rise | Foreign Affairs

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