Monday, March 06, 2017

It's A Lot Less The 54% (And Reasonable Too)

China to raise defense budget by about 7 percent

National People's Congress spokeswoman Fu Ying speaking at a news conference in Beijing, March 4, 2017. [Photo by Feng Yongbin/China Daily] China will increase its defense budget by around seven percent in the fiscal year of 2017, and the overall military spending will account for about 1.3 percent in GDP, said Fu Ying, spokeswoman for the…