China under-reported defense by 20 percent: Pentagon

China under-reported defense by 20 percent: Pentagon
Washington (AFP) June 05, 2014 - China underestimated its growing defense budget by nearly 20 percent with its spending likely nearing $145 billion last year, the Pentagon said Thursday. In an annual report required by Congress, the Pentagon said that China's defense budget for 2013 was higher than the officially announced $119.5 billion. "We think that if you start factoring in other considerations, other funding stre ... more

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