Friday, 4 March 2016

China plans to increase military spending by 7-8% in 2016

A spokesperson of the national legislature talked on Friday about what could be China's slowest military budget increase for six years, as the world's second largest economy feels the chill amid rising headwinds. Fu Ying, spokesperson for the National People's Congress annual session, said military spending is budgeted to grow by around 7 to 8 percent in 2016. 
Soldiers of China’s People's Liberation Army  during the military parade marking the 70th anniversary of the end of World War Two, in Beijing in Sept. 2015
(Photo: Reuters/Damir Sagolj)
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