China boosts defense budget 11 percent after U.S. "pivot"

BEIJING (Reuters) - China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defense budget since President Barack Obama launched a policy "pivot" to reinforce U.S. influence across the Asia-Pacific.

Source: http://feeds.reuters.com/~r/reuters/MostRead/~3/U4m23s2GkQk/us-china-defence-idUSTRE82302O20120304

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