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China's military spending a cause of concern for India: Antony | Defence Minister AK Antony today said that India was concerned about rise in China 's
military spending. China 's military budget jumped 11.2 percent year on year to
106 billion dollars in 2012. Addressing the Asia security summit, the Shangri-La
Dialogue in Singapore , Antony said: "Even though we don't believe in an arms
race, since China has increased their military capabilities and spending more
on defence, in our own way, to protect our national interest, we are also strengthening
our capabilities in our borders." He said India is also building its capabilities
to protect its national interests. Antony said despite this, the two countries
are working towards peace and stability not only in Asia but also around the world.
He gave the example of growing cooperation between India and China in anti-piracy
and maritime security measures, and expressed optimism that the cooperation will
evolve further in the coming years. Japan also expressed their concern over what
it called a lack of transparency in China 's massive defence spending, saying
the secrecy posed a "threat" to Tokyo . Commenting on the ongoing crisis in the
Middle East, Antony said India does not believe in solving the ongoing problems
in the region through confrontation or destabilization. He said our effort is
to develop close relations with the countries of the region as nearly six million
people of Indian origin live there and nearly 80 percent of India 's energy requirements
are sourced from there.
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