China says defense budget to rise by about 7 percent in 2017
BEIJING (AP) — China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy.
Total defense spending would account for about 1.3 percent of projected gross domestic project in 2017, said Fu Ying, spokeswoman for the legislature. She was speaking at a news conference on the eve of the opening of the body's annual session.
The precise figure will be provided by Premier Li Keqiang in his address to the National People's Congress on Sunday morning.
Fu reiterated China's contention that its military was purely for defense and constituted a force for stability in Asia.
Read more: http://www.beaumontenterprise.com/news/world/article/China-says-defense-budget-to-rise-by-about-7-10976371.php
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Losers! That's chump change compared to Trump change: 10%!!
