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June 09, 2009

No. 2 with a bullet

With an estimated spending of 84.9 billion dollars in 2008, mainland China is now second in military spending only to the United States. Imagine how much that adds up to in a hard currency like the yuan.

The Stockholm International Peace Research Institute (SIPRI) reported on Monday that China had increased its arms spending by 10 percent as Beijing commenced building a new range of highly sophisticated nuclear submarines, stealth warships, new generation of fighter planes and communications technology.

The French now spend more on arms than the British, btw. Which is just as well. Arms spending leads to members of the British armed forces smoking on television.

Posted by Ghost of a flea at June 9, 2009 08:18 AM