China's Defense Budget To Grow 10% in 2015

Wall Street Journal: China to Boost Military Budget by About 10%

Economic slowdown has little impact on Beijing’s military modernization plans

BEIJING—China will raise military spending by about 10% this year, a senior Chinese official said on Wednesday, suggesting that an economic slowdown will have limited impact on modernization plans that include new submarines, aircraft carriers and stealth fighter jets.

Fu Ying, a spokeswoman for the National People’s Congress, told a news conference that the precise figure for the defense budget would be announced on Thursday, the opening day of the Chinese legislature’s annual meeting. She said it would be in line with the overall increase in government spending planned for 2015.

WNU Editor: This budget increase is even bigger than what is being publicly acknowledged (see above video).

Bloomberg

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