There is no perfect translation of the word chutzpah into Chinese, but Beijing does provide the perfect example: They have duped the West into giving them billions in development aid, so that they can instead spend their own money on building a military that could beat America's.
Every month brings new details of increased Chinese military spending. Last month, for example, it was reported that China is rapidly expanding its submarine fleet. By the end of the decade they are set to have more submarines than the U.S. Last week, China announced another big increase in military spending: The 2008 Chinese military budget will increase by 17.6 percent, which followed an increase by 17.8 percent in 2007. Most likely this is an underestimate — according to experts, China's real military spending is about double that.