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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 announcement immediately drew a statement of concern from Japan, which is among many Asian countries alarmed at China's rapidly growing military.China announced the figures along with a wide range of...

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