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China Eases Foot Off Gas on Military Spending

China Eases Foot Off Gas on Military Spending

By Jeremy Page and Chun Han Wong Published March 04, 2017 Politics Dow Jones Newswires

from Fox News
Delegates from Chinas Peoples Liberation Army PLA arrive at the Great Hall of the People to attend a plenary session of the National Peoples Congress in Beijing Saturday March 4 2017 China will raise its defense budget by about 7 percent this year a government spokeswoman said Saturday continuing a trend of lowered growth amid a slowing economy AP PhotoAndy Wong

Delegates from China's People's Liberation Army (PLA) arrive at the Great Hall of the People to attend a plenary session of the National People's Congress in Beijing, Saturday, March 4, 2017. China will raise its defense budget by about 7 percent ... (Copyright 2017 The Associated Press. All rights reserved.)

China's defense budget will expand by about 7% this year, the slowest pace this decade, but a senior Chinese official said it was still enough for Beijing to prevent "outside forces" from interfering in its territorial disputes. 

Chinese military spending for 2017 would be equivalent to about 1.3% of the country's economic output, roughly the same proportion as in recent years, said Fu Ying, a spokeswoman for the national legislature, at a news conference Saturday.

read more:
http://www.foxbusiness.com/politics/2017/03/04/china-eases-foot-off-gas-on-military-spending.html

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