U.S. concerns over 'growing' Chinese military 'tempered' by improved relations with Beijing in Pentagon report The Pentagon has hailed the new cooperation with Beijing but reiterated concerns about Chinese military growth, which is believed to be aimed at keeping the U.S. out of the western Pacific, according to an annual report released by it, on China's military modernization.
Dave Helvey, Acting Assistant Secretary of Defense for East Asia has revealed that China is spending over 106 billion dollars on
News Summary: Europe worries push stocks down
: May 1, 2012, the Dow Jones industrial average hit its highest point in four years. It was ahead by 8.7 percent for the year that day. Now, it's up by 1.2 percent after Friday's decline.
