March 23, 2015
Assuming the official defence allocations represent the true picture, the $142 billion figure still represents a phenomenal increase and surpasses that of Japan ($42 billion), India ($40 billion), South Korea ($33 billion) and several other Asian countries put together and shows that China is flexing its military muscle, says Srikanth Kondapalli.
The latest hike in China's defence budget allocations to about $142 billion represent double digit increase -- a feature consistently maintained for the last more than two decades to make China the second largest defence spender in the world after the United States.
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