Beijing Boosts Military Budget by 7.5%

Beijing Boosts Military Budget by 7.5%
AP Photo/Andy Wong

China will increase its defence budget by 7.5 per cent to Rmb1.2tn ($179bn) this year, as the Communist party attempts to balance the cost of building its military into a modern war fighting force with growing economic challenges.

The move continues 25 years of increases that have made China the world's second-largest military spender, although its total is still dwarfed by the US budget of $686.1bn for this year. The announcement comes as the People's Liberation Army enters the home stretch of its largest-scale reorganisation in decades, which President Xi Jinping has said must show “initial results” next year. 

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