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Chinese Media Defend Military Budget Hike

Chinese state media defended the double-digit increase in defense spending announced this week by Beijing, saying concerns over China's growing military strength are unnecessary. Premier Li Keqiang announced Wednesday that China will spend almost $132 billion on its military in 2014. That represents an increase of 12.2 percent - a rate of growth higher than in recent years. The move drew statements of concern by some foreign analysts and calls for greater transparency from...

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