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China to Increase 2018 Defense Budget by 8.1 Percent

Mar 05 , 2018

China will raise its defense budget by 8.1 percent in 2018, according to a budget report to be submitted to the national legislature Monday, up from last year's 7 percent.

The 2018 defense budget will be 1.11 trillion yuan (175 billion U.S. dollars), according to the report available to media before the first session of the 13th National People's Congress opens Monday morning.

Although slightly higher than the previous two years, the growth rate is the third time to dip into the single digit since 2013, following 7.6 percent in 2016 and 7 percent in 2017. 


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