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3/08/2017

Topic Reading-Vol.1792-3/8/2017

Dear MEL Topic Readers,
China to raise 2017 defense budget by around 7 pct: Spokesperson
Another rise in military spending by a superpower. Within a week after the US announced a 10% increase in military budget, China committed to add seven percent more money to its People’s Liberation Army. Both increases exceed their respective economic growth forecasts, meaning they’ve set a higher priority on their defense budget than other issues such as welfare, education or environment.
Except during a war, money spent on military mainly flourishes defense industry, and rarely bring back tangible returns to their people. Security, defense and national interests are common rationales for such spending. Is there winner, if any, in this race?
Enjoy reading and thinking what the world would be like if more money is spent on education than military. 

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