CHINA’S MILITARY BUILDUP: As U.S. commanders warn of the breakneck speed of China’s military buildup, Beijing has announced a planned 7.2% increase in defense spending for this year, which at $230 billion will put its publicly acknowledged military budget second only to the United States. 

Under President Xi Jinping, China has embarked on a massive defense buildup with the goal of having a world-class military on par with or surpassing the U.S. by 2046.

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