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.