China hikes defence budget to $150 billion

Posted on:07 Mar 2017 09:49:57
China hikes defence budget to $150 billion
07 March 2017 Current Affairs: People’s Republic of China has increased its defence budget by 7% for 2017, the lowest increase in seven years and second year in row.

In real terms, the defence budget of the world’s largest armed forces, the People’s Liberation Army (PLA) is likely to be close to the $ 145 billion-mark.

China’s defence budget is much smaller compared to that of the US, which announced a 10% increase in its defence outlay after the change of oval office.

The country minimised its defence expenditure is a follow suit of its neighbours with many of whom Beijing has maritime disputes.

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