Just thought I would post this article here:
Basically, China is increasing its annual defense budget by 18%. Now, considering that is a pretty large amount (about 45 billion dollars a year total now) I presume it will effect the amount of materials they have to buy quite significantly. Also, being spent by the state means that they will buy no matter how much it costs right?
What are everyone else's thoughts on this?
p.s. Should I feel guilty that I see a military build up as a good sign for my stocks