China Increases Defence Spending

Posted on March 6, 2018

The figure released in a report on Monday to the National People’s Congress is an increase in the growth rate from last year, when finance ministry officials said the budget was rising 7 per cent to 1 trillion yuan. Years of double-digit percentage growth have given China the world’s second-largest defence budget after the United States, which is in a class of its own with a proposed budget of $716bn (£517bn) for next year.

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