Thursday, March 5, 2009

China sees smaller defense boost amid economy woes

http://www.google.com/hostednews/ap/article/ALeqM5jGQDE0Z2LbFGRirzDQTs81WGjXlAD96N9FLG1
China announced a nearly 15 percent rise in military spending on Wednesday — a smaller boost than in previous years — as the national legislature prepared to open its annual session with a focus firmly on overcoming the country's brewing economic crisis.

The 14.9 percent increase in defense spending is the lowest in three years, a possible reflection of shifting priorities amid plans for a 4 trillion yuan ($586 billion) stimulus package and a 850 billion yuan ($124 billion) spending boost to expand and revamp an inadequate health care system.