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    China defense budget rise to defy slowing economyBy Megha Rajagopalan BEIJING (Reuters) - China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets. Parliament spokeswoman Fu Ying told reporters the actual figure would be released on Thursday, when the ...

    China plays down US concerns over anti-terror legislationSHANGHAI (AP) — China played down U.S. concerns that proposed anti-terror legislation would give the Chinese government sweeping power to police electronic communications and marginalize foreign companies fighting for a share of China's $465 billion technology market, saying Wednesday that the law is purely designed to address domestic security issues.

    Official says China to boost military budget by 10 percentChina's official military budget will grow by about 10 percent in the coming year, a legislative spokeswoman said Wednesday, amid unease among Beijing's neighbors about its growing might and territorial ...

    China defence budget 10 pct rise to defy slowing economyChina's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets. Last year, defence spending was budgeted to rise 12.2 percent to $130 billion, second only to the U.S. Pentagon's proposed $534 billion base budget ...

    China Warms Up to 'Low' Growth Rate Other Countries Would Kill forChina's leaders are about to set their lowest economic growth goal in at least a quarter-century. How can they get away with it? Premier Li Keqiang is expected to announce this year’s target for growth in gross domestic product of about 7 percent when he gives his "work report"—China’s version of the State of the Union—to launch the National People’s Congress on Thursday morning. China’s ...

    China's big chess move against the U.S.: Latin AmericaChina is making friends right under America's nose. Latin America is China's latest business buddy. Chinese banks increased investments in Latin America by 71% last year, and the country plans to double its trade volume with the Central and South American region over the next decade.

    China parliament to debate painful reforms as economy slowsChina's top leaders are expected to revise down their 2015 economic growth target to around 7 percent on Thursday when the annual parliamentary meeting begins in Beijing, signalling the slowest expansion for a quarter of a century. The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a week after China cut interest rates for the second ...

    China says NGOs need regulating for national security reasonsChina needs to better regulate foreign non-governmental organizations (NGO) operating in the country for national security reasons, an official said on Wednesday, as the government drafts a law that has unnerved many aid groups. Fu Ying, spokeswoman for China's largely rubber-stamp parliament, said she understood there were more than 6,000 foreign NGOs operating in the country, who had brought ...

    China defence budget to grow 'about 10 percent': govtChina's defence budget will rise by about 10 percent in 2015, Beijing said Wednesday, extending a run of double-digit annual increases that reflects its broad military ambitions. The estimate was announced by Fu Ying, a spokeswoman for China's Communist-controlled parliament, ahead of the figure's official release on Wednesday. "Now, I can reveal to you the general case, which is that the ...

    China says tech firms have nothing to fear from anti-terror lawChina's proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded amendments. China's proposals, which would require tech firms to provide encryption keys and install backdoors granting law enforcement access for counterterrorism investigations, drew ...

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