China says its military spending will increase by 10.1 % in 2015 . The US is the largest spender on defense, with a budget of $ 846 billion for 2014 and an estimated annual growth rate of about 3 % ( http://www.defense.gov/news/newsarticle.aspx?id=@@ Spending likely to focus on China 's naval force .
China says its military spending will increase by 10.1 % in 2015 . China prioritizing military spending even as economic growth slows . Spending likely to focus on China 's naval force .