China hikes defence budget to USD 115.7 billion

China hiked its defence budget by a whopping 10.7 per cent to USD 115.7 billion, dwarfing India`s current defence spending of USD 37.4 bn, amid the communist giant`s military ambitions and territorial disputes with neighbours.

Need to contain China`s military capabilities: McConnell

A top Republican leader has appealed to the Obama Administration to initiate steps to contain the increasing military capabilities of China.