Everyone knows about China’s arms build-up. Beijing’s defence budget has risen eightfold in 20 years. In that time it has become comfortably the world’s second-biggest spender on the military. In 2012, the country accounted for nearly 10 per cent of global expenditure, according to the Stockholm International Peace Research Institute, which monitors defence spending. That was more than Russia and the UK combined, although only a quarter of what the supposedly cash-strapped US laid out on its armed forces, according to official figures.
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