China on Monday March 05,2018 unveiled its largest defence spending increase in three
years, setting an 8.1 percent growth target this year, fuelling an
ambitious military modernisation programme and making its neighbours
nervous.
The 2018 defence budget will be 1.11 trillion yuan ($175 billion), according to a report issued at the opening of China's annual meeting of parliament.
The defence spending figure is closely watched worldwide for clues to China's strategic intentions as it develops new military capabilities, including stealth fighters, aircraft carriers and anti-satellite missiles.
China will "advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests," Premier Li Keqiang told the opening session in an address.
The 2018 defence budget will be 1.11 trillion yuan ($175 billion), according to a report issued at the opening of China's annual meeting of parliament.
The defence spending figure is closely watched worldwide for clues to China's strategic intentions as it develops new military capabilities, including stealth fighters, aircraft carriers and anti-satellite missiles.
China will "advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests," Premier Li Keqiang told the opening session in an address.
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