
China plans to raise its defense budget by 12.2 percent to 808.2 billion yuan (about 132 billion U.S. dollars) in 2014, according to a draft budget report submitted to the national legislature for review on Wednesday. In 2013, the country spent 720.197 billion yuan on national defense, a 10.7-percent increase from the previous year. Double-digit growth in China’s defense budget in recent years has caused concerns from some western countries. But experts said China’s military expenditure is moderate and in line with the country’s economic and security conditions.A researcher with the Academy of Military Sciences and a deputy to the National People’s Congress (NPC), said China’s current military spending is at a “reasonable and balanced” level.“Compared with major powers in the world, China’s spending in national defense is considerably low either in terms of its share in the GDP or in per capita terms,” he said.“In order to protect the country and safeguard regional peace and stability, China has to enhance its national defense,” he said.A report released by London’s International Institute for Strategic Studies showed the United States remained the world’s biggest defense spender in 2013, with a budget of 600.4 billion U.S. dollars in 2013.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor