Word: billioned
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...billion...
...total annual trade between Africa and China has surpassed $100 billion, Beijing has won its fair share of admirers too, not least among them many Africans whose quality of life has been improved by an influx of cheap Chinese household goods. China has also established a network of "Confucius Institutes" in various African cities to disseminate Chinese culture, while more and more African exchange students are attending Chinese universities. A flotilla of Chinese warships is part of an international operation attempting to curb piracy off the shores of Somalia. "This discussion of Zheng He is being carried out in China...
...slowdown was partly attributed the difficult economic climate. While China was able to grow at 8.7% last year, that healthy rate came at the expense of $586 billion in stimulus spending. Last week Premier Wen Jiabao said that government spending would grow more slowly this year as Beijing seeks to control inflation while maintaining stable growth. (See pictures of the making of modern China...
...China's 2010 military budget, which is awaiting legislative approval, will be $78 billion. That would make it second only to the United States, which for 2010 has a total budget of $663.8 billion. U.S. spending is equivalent to 4.7% of the nation's GDP, while China's defense outlay equals about 1.5% of its estimated...
...some of the fear of armed conflict. But the region still has the potential to be a flash point. Taiwan says China has some 1,500 missiles stationed along the Taiwan Strait. And a decision by U.S. President Obama in January to approve the sale of more than $6 billion in military equipment to Taiwan has angered the Chinese government, which has postponed some military exchanges with the U.S. in protest...