News Snapshot:
Security experts from China and America have tipped Beijing to splash on this years defence budget. Last year saw Beijing raise defence spending by 6.6 percent, or $178 billion, which was its lowest rate of increase in three decades. Ni Lexiong, a retired professor at the Shanghai University of Political Science and Law, said Beijing is moving to protect itself from security threats. He said: “China is facing the most severe security situation since the Korean War.” The professor then predicted a substantial rise in defence spending due to US arms sales to Taiwan, regular deployments of US aircraft carriers...
