Military vehicles carry DF-16 ballistic missiles in Tiananmen Square last September. Photo: Imaginechina
South China Morning Post: China needs to ramp up defence spending amid overhaul of military, say Chinese analysts
Costs of reforms and increasing threats overseas justify higher spending, say Chinese observers, amid concerns among China’s neighbours over its military build-up
Chinese military experts say Beijing needs to resume double-digit increases in defence spending in the coming year to meet the increasing challenges facing the nation’s military at home and abroad.
The country’s top legislative body, the National People’s Congress, is due to announce this year’s budget for the People’s Liberation Army next week.
The congress announced defence expenditure of 954 billion yuan (US$138.6 billion) in 2016. That amounted to 7.6 per cent growth on the previous year, the first single-digit increase since 2010, surprising many Chinese military watchers.
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