Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

China to raise defense budget in 2018

  •  

    Agence France-Presse

Beijing, China | Mon, March 5, 2018 | 01:05 pm
 China to raise defense budget in 2018 China's President Xi Jinping gives a speech at the opening session of the Chinese Communist Party's five-yearly Congress at the Great Hall of the People in Beijing on Oct. 18, 2017. President Xi Jinping declared China is entering a (Agence France-Presse/Nicolas Asfuri)

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 year and 7.6 percent in 2016, which marked the first time in six years that spending growth was not in double figures.

China spent $151 billion on the People's Liberation Army last year, the second largest defence budget in the world but still four times less than the $603 billion US outlay, according to the International Institute for Strategic Studies, a London-based think tank.

The defense budget increase has roughly followed the same pace as China's national economic output in recent years. The economy grew by 6.9 percent in 2017 and the government said Monday it will target growth of around 6.5 percent in 2018.

China's neighbors and the United States have watched warily as Beijing has modernized the world's largest army, reducing its ground troops to two million soldiers while spending on state-of-the-art hardware and weapons.

At the same time, Beijing has imposed increasingly assertive claims to vast expanses of the contested South China Sea, while engaging in confrontations with Japan over disputed islands in the East China Sea and with India over Himalayan border regions.

Join the discussions