is still committed to a peaceful settlement of regional territorial issues even
as reports said the world’s second largest economy will double its military
budget for 2015. China
will have about USD 238.2 billion military financing this year, higher than the
USD 232.5 billion military budget of governments in the Asia Pacific. China
Presidential Spokesperson Edwin Lacierda, quoting a statement from the Department of Foreign Affairs (DFA), said “the
Philippines takes note of the increase of ’s
military budget.” China
”While every country has the right to determine the level of its defense expenditures, we hope that China, as a responsible member of the community of nations, also remains committed to the peaceful settlement of issues in the region,” the DFA statement said.
is among the Asian countries that has territorial dispute. China
In May 2014, the
filed an arbitration case against before the United Nations
(UN) tribunal. China
said China’s claim over some
islands at the West Philippine Sea is illegal
vis-à-vis the United Nations Convention on the Law of the Sea (UNCLOS).