China's 2019 defense spending will rise 7.5 percent from 2018, according to...
BEIJING - China’s 2019 defense spending will rise 7.5 percent from 2018, according to a budget report issued at the opening of the country’s annual meeting of parliament on Tuesday, a slower rate than last year but still outpacing the economic growth target.
“We will implement the military strategy for the new era, strengthen military training under combat conditions, and firmly protect China’s sovereignty, security and development interests,” Premier Li Keqiang told parliament. On its website, the official People’s Liberation Army Daily said in a report on the defense budget that the armed forces would “focus on supporting national defense and military reform and comprehensively promoting national defense and military modernization”.
Last year, defense spending was set to increase 8.1 percent, compared to a 7 percent rise in 2017, and 7.6 percent in 2016. The five years before that had seen double-digit increases.China’s defense spending ranks as the world’s second largest, lagging behind the United States. By comparison, U.S. President Donald Trump has backed plans to request $750 billion from Congress for U.S. defense spending in 2019.
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