Home / Breaking News / China to increase military spending by 7%

China to increase military spending by 7%

BEIJING -UNS/BBC- China says it will increase military spending by about 7% this year, just days after Donald Trump outlined a boost to the US defence budget.
The scheduled announcement was made ahead of the annual National People’s Congress (NPC) in Beijing.
China has been modernising its armed forces recently as its economy expands.
China’s announced defence budget remains smaller than that of the US. But many China observers argue the real figure could be much higher.
The announcement marks the second consecutive year that the increase in China’s defence spending has been below 10% following nearly two decades at or above that figure.
It means that total spending will account for about 1.3% of the country’s projected GDP in 2017, the same level as in recent years, said government spokeswoman Fu Ying.
Beijing has been building artificial islands on reefs in waters also claimed by other nations in the South China Sea.
Images published late last year show military defences on some islands, a think-tank says.
Defending its right to build, China has said in the past that it has no intention of militarising the islands, but has acknowledged building what it calls necessary military facilities for defensive purposes.

Check Also

Pakistan, Uzbekistan agree to form joint working group on trade, investment

ISLAMABAD -UNS : Pakistan and Uzbekistan on Thursday agreed to form a joint working group …

Senator Abbasi re-elected as Chairman of Senate Standing Committee on Law,Justice

ISLAMABAD -UNS- Senator Muhammad Javed Abbasi has been re-elected as Chairman of the Senate Standing …

%d bloggers like this: