China on Tuesday hiked its defence budget by a whopping 10.7 per cent to $ 115.7 billion, well above India's current defence spending of $ 37.4 billion, underlining Beijing's military ambitions amid territorial disputes with neighbours. The double-digit rise in defence budget for 2013-14 was announced by Premier Wen Jiabao at the Chinese Parliament, the National People's Congress (NPC), which opened its annual session on Tuesday morning which will also...
12:37 PM, Mar 05, 2013
Beijing: China's defence spending will record a double-digit increase of 11.2 per cent, taking the budget to USD 106.4 billion this year compared to USD 92 billion in 2011, a government spokesman announced today, amid concerns about Beijing's military build-up. The hike was announced by Li Zhaoxing, spokesman for the Fifth Session of the 11th National People's Congress (NPC), the top Chinese legislature, in Beijing on Sunday. Defending the increase...
10:29 AM, Mar 04, 2012
