TODAY'S HEADLINES

Attacks on OFWs in Taiwan isolated - MECO chief

Roxas: Nothing personal vs Revillas, but judge was wrong to withhold search warrant

SEC issues rules on computing foreign ownership in companies

Ombudsman suspends Marikina mayor, 2 others over previous term's illegal construction

MUSINGS ON TAIWAN MESS | Confucius says...

Growing military buildup, spying in China: Pentagon

InterAksyon.com
The online news portal of TV5

WASHINGTON - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.

The Pentagon, in its annual assessment to Congress of China's military, flagged sustained investment last year in advanced missile technologies and cyber warfare capabilities and warned that Chinese spying threatened America's economic security.

"Chinese actors are the world's most active and persistent perpetrators of economic espionage," the report said.

"Chinese attempts to collect US technological and economic information will continue at a high level and will represent a growing and persistent threat to US economic security."

The report was the first by the Pentagon since President Barack Obama last year launched a policy "pivot" to reinforce US influence across the Asia-Pacific, even as planned belt-tightening shrinks the size of the US military in many other parts of the world.

That pivot has fanned unease in China, with some PLA officers calling it an effort to fence in their country and frustrate Beijing's territorial claims.

China has advertised its long-term military ambitions with shows of new hardware, including its first test flight of a stealth fighter jet in early 2011 and its August launch of a fledgling aircraft carrier - a refitted former Soviet craft.

The Pentagon noted that some components of China's first indigenously produced carrier may already be under construction. It said that carrier could achieve operational capability after 2015.

"China likely will build multiple aircraft carriers and associated support ships over the next decade," it said.

China announced in March that 2012 outlays on the People's Liberation Army will reach 670.3 billion yuan for 2012 (about $106 billion), an 11.2 percent increase over 2011. That follows a near-unbroken string of double-digit rises across two decades.

The Pentagon suggested that China's 2011 figure was an underestimate, noting "poor accounting transparency and China's still incomplete transition from a command economy." The official Chinese figure, the Pentagon said, did not include things like foreign procurement as well as other major categories of expenditure.

"Using 2011 prices and exchange rates, (the US Department of Defense) estimates China's total military-related spending for 2011 ranges between $120 billion and $180 billion," the Pentagon said.

In contrast, US lawmakers are now debating a bill seeking $554 billion in base defense spending for the 2013 fiscal year beginning in October and $88.5 billion for the Afghan war and other overseas operations.

 

Related Stories:
» US House of Representatives votes to sell new F-16 jets to Taiwan
» China exploits Western technology to bolster military - US
RELATED ARTICLES  
OTHER WORLD STORIES  
BREAKING NEWS  
World | National Filipino beaten up in Taiwan gets P164,000 from gangsters as Pinoys' safety assured
National No PH-Taiwan joint probe, but 2 sides agree to help respective fact-finding teams
National Roxas: Nothing personal vs Revillas, but judge was wrong to withhold search warrant
National Garcias lose grip on Cebu Capitol
National Aga Muhlach fails to crack Fuentebella clan's 105-year hold in CamSur
National Some teachers remain unpaid for poll duties since generic cash cards don't carry their names
National | National Brillantes wants barangay, SK polls postponed to 2014 or early 2015
National Peasants ask: Why are 'opposition' provinces Quezon, Laguna not on list of coco-levy funded areas?
Business BSP bars retail investors from investing in SDAs
National | World PH to work with US, other countries for freedom of navigation in South China Sea - Cuisia
Entertainment Ai-Ai de las Alas confirms split with husband Jed Salang one month after wedding
Entertainment Legendary actress Bella Flores passes away at 84
Entertainment Netizens take sides after Jake Ejercito slams Georgina Wilson for anti-Erap tweet
Lifestyle Hotel of the Week: Dusit Thani Manila
Lifestyle IFEX 2013 | 8 local and Asian foods to include in your shopping list
National TAKE A GUESS | Which region in the Philippines is the top coffee producer?
National | World 75-year-old Filipino caregiver in California gets back wages
National | World Funds established for families of Pinay victims in deadly limo fire
World | National 2013 J-Pop Anime Singing Contest and Cosplay Mini-Contest extended to June 21 - embassy
World CAPTION THIS | Man holds giant ganja during a march for marijuana legalization in Chile
Lifestyle CHOW BUZZ I Baguio Kagat Guide: Eat your way through the City of Pines
World Divorced Briton admits killing children in France