''The white paper says China is continuing to boost its military spending, which has expanded about 30-fold over the last 24 years. Defense topped the $100 billion mark for the first time in the 2012 budget, but the paper also notes that such figures provided by Beijing could be way underestimated.
The spending has made the global community nervous. The U.S., for instance, has shifted its defense strategy to focus more on Asia, though it will cut its overall military outlays by about $487 billion over the next decade.''
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