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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2549)	1/24/2004 6:25:28 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

EU may allow arms sales to China advertisement Associated Press Jan. 24, 2004 12:00 AM BRUSSELS, Belgium - The European Union may end its ban on arms sales to China this spring, diplomatic sources said Friday, a move that could allow China's big-spending military to buy cutting-edge weapons ranging from French Mirage jets to stealthy German submarines. At a meeting Monday, the EU foreign ministers will debate the issue but not make a formal announcement. "It will take a few months," one EU diplomat said. "But we are not talking about something way off in the future. In the spring, perhaps," said the official, who spoke on the condition of anonymity. China's military has been moving to modernize, fueled by the country's booming economy. A Pentagon report in 2002 warned China was intent on developing a more potent military, with its training focusing more on America as an enemy. For 13 consecutive years, China has made double-digit increases in the public budget for the 2.5 million strong People's Liberation Army. Europe imposed the ban on weapons sales after Beijing's bloody crackdown on pro-democracy protesters in Tiananmen Square in 1989. azcentral.com