The China's defence budget to about 1.02 trillion yuan, which is three times bigger than India's budget of $53.5 billion.
Chinese President Xi Jinping. (Photo: AP)
Beijing: China on Saturday announced it will increase its defence spending by around seven per cent this year, the slowest hike since 2010, even as it vowed to guard against “outside forces” interfering in its territorial disputes.
The increase in defence spending announced by Fu Ying, the spokesperson of China’s parliament, the National People’s Congress, is expected to take the country’s defence budget to about 1.02 trillion yuan, which is three times bigger than India’s budget of $53.5 billion.
( Source : PTI )
Next Story
