From Yahoo News/AP:
STOCKHOLM – China has become the world's second biggest military spender behind the United States, a Swedish peace research group said Monday.
Global arms spending rose 4 percent last year, but China increased its spending by 10 percent to an estimated $84.9 billion last year, the Stockholm International Peace Research Institute said in its annual report on world arms transfers.
"China is continuing to acquire both domestic and foreign arms as it seeks to equip its armed forces for conditions of modern 'informationalized' warfare," it said. Such warfare involves the use of precision weapons and high-tech information and communications technology.
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My Comment: This is a wakeup call for everyone in Asia.