Chinese military defends $ 106 billion defence budget

http://economictimes.indiatimes.com/news/politics/nation/chinese-military-defends-106-billion-defence-budget/articleshow/12468308.cms

Chinese military defends $ 106 billion defence budget
30 Mar, 2012, 03.21PM IST, PTI

BEIJING: Claiming that it has no hidden military expenditure, China today defended the 11.2 per cent increase in its defence budget saying that much of it would go for increased salaries of soldiers, training and exercises as well as acquiring new equipment.

The increase of China's military budget is reasonable and should be viewed objectively, Defence Ministry spokesman Yang Yujun was quoted as saying by the state media.

China increased its military budget this year to 670 billion yuan ($ 106 billion).

Yang said it is a natural requirement for China to raise the military budget to safeguard national security and the increase was in accordance with the level of China's economic and social development.



NOTE: $106 billion dollars is less than our annual costs for the Afghanistan occupation.

The sky is falling! The sky is falling!

Why do these guys get their panties in a twist all the time?