China just announced it's defence budget and it's thrice India's

March 05, 2018 12:28

China today announced a 8.1 per cent hike in its defence expenditure for this year to a whopping USD 175 billion, which is over three times higher than India's defence budget, as it seeks to further advance an ambitious modernisation drive for its military.

The 8.1% increase is higher than last year's announcement, when China upped military spending by 7% over the previous year. According to a budget report to be submitted to the National People's Congress (NPC) today, the 2018 defence budget will be 1.11 trillion yuan (USD 175 billion).

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