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| March 6, 2008 |
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Pentagon report estimates PLA budget at three times the official figure The Chinese Communist Party (CCP) administration has awarded the defense forces a budget boost of 17.6 percent even as the latest Pentagon report on China’s military has highlighted the latter’s aggressive weapons modernization program and stated its actual military outlay — estimated at between $97 billion and $139 billion — was three times the published budget.(FULL STORY) Chinese military delegates at the opening of China's parliament, the National People's Congress, in Beijing on March 5. Claro Cortes IV/Reuters |
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