ReutersChina is likely to announce a substantial increase in the military’s budget, according to analysts, amid a massive reorganisation of the PLA and increased tensions over territorial claims in the East and South China Seas.
The government is expected to reveal its proposed annual budget for the world’s biggest army this Saturday, when the National People’s Congress opens its annual session.
Analysts said spending was likely to be much higher due to the expense of laying off huge numbers of troops as part of the overhaul aimed at modernising and improving the efficiency of the military.
President Xi Jinping announced last September a …read more
Source: Business Insider
