BEIJING: China unveiled a fresh double-digit spending boost for its military – the world’s largest – on Thursday with a 10.1% increase in 2015, as it pursues a series of territorial disputes with its neighbours.
Beijing plans to raise its military spending to 886.9 billion yuan ($141.4 billion), according to a budget report to the annual session of the National People’s Congress (NPC), the communist-controlled legislature.
The figure is a five-year low, but China has for years been raising spending on the People’s Liberation Army (PLA) in double-digit steps, flexing its military and economic might as it asserts its claims in a …read more
Source: theSun
