DefenceTalkChina underestimated its growing defense budget by nearly 20 percent with its spending likely nearing $145 billion last year, the Pentagon said Thursday. In an annual report required by Congress, the Pentagon said that China’s defense budget for 2013 was higher than the officially announced $119.5 billion. “We think that if you start factoring in […]https://www.defencetalk.com/china-under-reported-defense-by-20-percent-pentagon-59790/