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Thursday 06 March 2014
On Wednesday 5 March, China announced an increase of 12.2% in military expenditures in 2014, to 95.9 billion euros. The Chinese military budget was raised to second highest in the world, after that of the United States. Western experts, however, were said to be convinced that Beijing’s real military expenses went far beyond the amounts announced. The increases in China’s military budget, which increased by 15.6% on average between 2001 and 2012, have many times gone beyond the total public expenditures increase and the economic growth rate of the People’s Republic of China (PRC). Though they have allowed improvement in facilities and equipping for the three military branches and better drill conditions for the 2,285,000 active servicemen, they stir up concern with regards to the manner in which China intends to use this new power, given a backdrop of mounting tensions with Japan with respect to the uninhabited islands of the East China Sea and the territorial disagreements with the countries bordering the South China Sea, over which Beijing claims almost entire ownership.
Latest related events
Monday 02 June 2014 - International Conference organised with the EAI
Programme 09:00 - 09:15 Welcome speechesCHEE Wee Kiong, Permanent Secretary, Ministry of Foreign Affairs, Singapore .....