China's Military Spending Increase To Be Smallest In 6 Years

Mildred Bowen
10:54, Mar 4, 2016
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.

China's defense budget will grow by 7-8% in 2016, spokeswoman for China's National People's Congress Fu Yin said on Friday.

The announcement was made by Fu Ying, spokeswoman for the Fourth Session of the 12th National People's Congress (NPC) at a press conference at the Great Hall of the People in Beijing, Xinhua news agency reported.

In 2015 the budget was increased by 10.1 percent, bringing it to 886.9 billion yuan ($141.4 billion at the time). The meeting comes before the session of the National People's Conference (NPC) - parliament - begins on March 5.

Military spending in China will rise by the lowest amount in six years amid slowing economic growth and a 300,000 cut in troop numbers.

China has been repeatedly criticized for a lack of transparency in its defense spending and its intentions.

The military build-up has rattled nerves around the region, particularly because China has taken an increasingly robust line on its territorial disputes in the East and South China Seas.

But the event also saw more than a dozen "carrier-killer" anti-ship ballistic missiles rolling through the streets of the capital, with state television calling them a "trump card" in potential conflicts and "one of China's key weapons in asymmetric warfare".

Its aggressive programme of building islands on reefs and atolls in the South China Sea as part of its campaign to claim virtually the entire region has unnerved China's neighbours.

"If two nuclear powerhouses engage in a competition to test each other's willpower, the whole world will face the repercussions", it said.

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Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.


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