Tags: economic | China | military | budget

Official Says China to Boost Military Budget by 10 Percent

Tuesday, 03 March 2015 11:15 PM

China's legislative spokeswoman says the country's military budget will grow by about 10 percent in the coming year.

That would be a slightly smaller rise than last year, but would be the fifth year in a row of double-digit increases, despite slowing economic growth that fell to 7.4 percent last year and is expected to further decline in 2015. The increase would bring the total military budget to about $145 billion.

Fu Ying, spokeswoman for the National People's Congress, says this year's military budget figure — to be confirmed Thursday — is in line with an overall increase in government spending of about 10 percent.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
China's legislative spokeswoman says the country's military budget will grow by about 10 percent in the coming year.That would be a slightly smaller rise than last year, but would be the fifth year in a row of double-digit increases, despite slowing economic growth that...
economic, China, military, budget
103
2015-15-03
Tuesday, 03 March 2015 11:15 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved