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China Declares about 7 percent hike in Defence spending

China Declares about 7 percent hike in Defence spending

Saturday, March 4, 2017, 11:54 AM

China on Saturday said its defense budget in the coming year would rise by around 7 per cent. It's spending likely to cross 1 billion Yuan for the first time and dwarf India's by three and a half times. With India announcing a less than expected 6.2 per cent rise in February to around $40 billion, China pushes forward a massive modernisation program.
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