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Amid Regional Worries, China Boosts Defense Spending by 12.2%

China has announced another double-digit increase in defense spending, amid regional worries about its growing military assertiveness. Beijing Wednesday said it will raise its defense budget by 12.2 percent this year to help modernize its armed forces and develop more high-tech weapons. The figures were announced along with a wide range of other policy plans at an annual meeting of China's ceremonial National People's Congress. In his speech to parliament, Premier Li Keqiang...

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