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BEIJING, China (AFP) — China announced on Monday an 8.1 percent defense budget increase for 2018, giving the world’s largest armed forces a boost after spending slowed in the previous two years. Beijing will spend 1.11 trillion yuan ($175 billion) on its military, according to a budget report presented before the opening session of the annual National People’s Congress, according to the official Xinhua news agency. The outlay compares with a seven percent increase last […]
BEIJING, China – According to the National People’s Congress, from seven percent the defense budget of China will increase to eight percent and added that said budget will continue to increase yearly. However, China denied the militarization of the disputed territories in the West Philippine Sea and questioned the motives of the United States of America in sending naval forces in the said territories, accusing said country of preferential treatment regarding the Philippines. (Eagle News […]
