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Ambitious China Increases Defence Budget, Now At Whopping $177.61 Billion

Representational Image
Representational Image

After the US,  China has become  the world’s second largest military spender .  In tune with its global ambitions   China have reportedly announced a 7.5 percent increase in its defence budget for this year, hiking it to a whopping $177.61 billion, over three times that of India,   reported news agency PTI.

The 2019 defence budget will be 1.19 trillion yuan (about $177.61 billion), according to a draft budget report to be submitted at the opening of the annual session of China’s Parliament, the National People’s Congress (NPC), on Tuesday.

The increase this year is lower than that of last year’s 8.1 percent which amounted to $175 billion.

China, the world’s second largest military spender after the US, Tuesday announced a 7.5 percent increase in its defence budget for this year, hiking it to a whopping $177.61 billion, over three times that of India.

The 2019 defence budget will be 1.19 trillion yuan (about $177.61 billion), according to a draft budget report to be submitted at the opening of the annual session of China’s Parliament, the National People’s Congress (NPC), on Tuesday.

The increase this year is lower than that of last year’s 8.1 percent which amounted to $175 billion.

India’s defence budget this year was increased by 6.87 percent to Rs 3.18 lakh crore against last year’s allocation of Rs 2.98 lakh crore, notwithstanding expectations of a major hike when China and Pakistan were bolstering their military capabilities.

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