: :inin Kyiv (EET)

China Accelerates Arms Race as it Beefs Up Defense Spending

At a major Communist Party congress in October, Xi vowed to build a “world-class” fighting force by 2050. Photo Ng Han Guan

BEIJING – China announced on Monday an 8.1 percent defense budget increase for 2018, giving a boost to the modernization of the world’s largest military after spending slowed in the previous two years.
Beijing will splash out 1.11 trillion yuan (US$175 billion) on its military, according to a budget report presented before the opening session of the annual National People’s Congress.
“We will stick to the Chinese path in strengthening our armed forces, advance all aspects of military training and war …read more

Source: Chiangrai Times

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