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China's 2016 Defence Budget to Slow in Line with Economy

Mar 04 , 2016

China's defence budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy, by a much lower figure than had been expected, although it probably does not represent the true spending number.

Fu Ying, spokeswoman for China's parliament, said the figure would increase by about seven to eight percent from 2015, following a nearly unbroken two-decade run of double-digit budget increases.

Fu told a news conference the actual figure would be released on Saturday, when the annual session of China's largely rubber-stamp legislative body opens.

It will be the first single-digit rise in spending since 2010, when the military budget logged a 7.5 percent increase.

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