posted on Mar, 5 2008 @ 11:53 AM
China is boosting their military spending.
www.msnbc.msn.com...
BEIJING - China announced Tuesday that it will again sharply increase its military spending this year, budgeting a 17.6 percent rise that is roughly
equal to last year's increase.
Disclosure of plans for a $59 billion outlay in 2008 followed a Pentagon report Monday that raised questions about China's rapidly increasing
military budget, and came less than three weeks before a presidential election in Taiwan, the self-governed island over which China claims
sovereignty.
A spokesman for the Chinese legislature said the country's decade-long military buildup does "not pose a threat to any country," but he warned that
relations with Taiwan were at a "crucial stage" and that the island would "surely pay a dear price" if it were to take steps that China viewed as
a declaration of independence.
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China is our largest trading partner, so attacking the US doesn't make a whole lot of sense. However, we're currently in an economic crash that
hurts China's bottom line. So what is China boosting their military spending for?
Is China planning on attacking the US if our economy crashes bad enough to create a New Depression? It would certainly alleviate the pressures at
home if they can refocus their own economic troubles onto a foreign enemy that has (perceived) resources and room for Chinese expansion.
We're currently competing with China over oil. It would serve China's interests if they eliminated our "need" for large quantities of oil, which
would occur if the US were damaged by war. There's a lot of world left if the US collapses that China could continue to sell their nonsense to, and
annihilating the US would put China on top.
I'm not sure I understand exactly what China is thinking by boosting their military spending. That, on top of Russia's boost, doesn't bode well
for us. It sure sounds like we're heading toward another cold war. Worst case scenario, another hot war with big time bad guys. If China and
Russia gang up, it's bad, bad news.