TMI BlogChina to increase defence spending by 7.2 per cent this yearX X X X Extracts X X X X X X X X Extracts X X X X ..... China to increase defence spending by 7.2 per cent this year X X X X Extracts X X X X X X X X Extracts X X X X ..... udget to USD 249 billion this year. The planned defence expenditure for the country is 1.784665 trillion yuan (about USD 249 billion) this year, according to a draft budget report submitted to China’ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Parliament by Premier Li Qiang. Last year, China increased its defence budget by 7.2 per cent to about USD 232 billion (1.67 trillion yuan) -- over three times that of India -- as it continues with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the massive modernisation of all its armed forces. China's defence budget figures are viewed with scepticism in the light of massive military modernisation, including building aircraft carriers, rap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id construction of advanced naval ships and modern stealth aircraft being carried out at a feverish pitch by the Chinese military. PTI KJV AMS X X X X Extracts X X X X X X X X Extracts X X X X
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