China will increase 2012 defense spending by 11.2%

Christian Science Monitor – China’s defense spending will increase by 11.2 percent over actual spending last year to hit 670.2 billion yuan ($106.4 billion) in 2012, an increase of about 67 billion yuan. Actual spending, according to foreign defense experts, may be 50 percent higher, as China excludes outlays for its nuclear missile force and other programs.

China’s military spending is still tracking to a prior forecast that I made in 2010. The US is making moves to slow defense spending growth

Estimate of Defense Budgets for China and the USA in Billions

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