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03/07/2013
AOL News
Chinese Defense Spending Whittled Away By Inflation; Future Spending Outlook Not So Rosy | quotes Andrew Erickson
The authors are Adam Liff and Andrew S. Erickson. Erickson teaches at the Naval War College and at Harvard. Liff is a doctoral candidate at Princeton University. Following are excerpts: "First, throughout much of the post-1978 'reform and opening up' period, rampant inflation has mitigated the real-world impact of nominally large budget increases."

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