China Hikes Defence Budget By 12.2 Per Cent China’s military budget set to cross $130 billion with 12.2 % increase. It has justified the hike by saying that it has faced high security concerns in recent times as it has many territorial and maritime disputes with neighbours. China is the second country to spend more on defence in the world after US-which spends nearly … [Read more...] about China Hikes Defence Budget By 12.2 %