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China says 2016 defense budget to rise 7-8 percent

Other News Materials 4 March 2016 08:50 (UTC +04:00)
China's defense budget this year will rise by about seven to eight percent compared with 2015, the spokeswoman for the Chinese parliament said on Friday
China says 2016 defense budget to rise 7-8 percent

China's defense budget this year will rise by about seven to eight percent compared with 2015, the spokeswoman for the Chinese parliament said on Friday, Reuters reported.

Spokeswoman Fu Ying told a news conference that the actual figure would be released on Saturday, when the annual session of China's largely rubber-stamp parliament opens.

Last year, defense spending was budgeted to rise 10.1 percent to 886.9 billion yuan ($135.39 billion).

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