China to accelerate defence spending in 2006 – Reuters

From Reuters, via The Financial Press:

China is to accelerate spending in 2006, the government said on Saturday amid renewed tension across the Taiwan Strait, a potential regional powder keg.

Beijing would spend 14.7 per cent more on defence in 2006 than it did last year, a spokesman for the national parliament said.

China’s official would rise to 283.8 billion yuan ($35.3 billion), spokesman Jiang Enzhu told a news conference ahead of the annual meeting of the National People’s Congress opening on Sunday.

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