Defence Notes

China continues to splurge with $177 billion defence budget

5th March 2019 - 11:26 GMT | by Gordon Arthur in Hong Kong

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China announced its defence budget for the coming year during the National People’s Congress (NPC) session on 5 March. Expenditure will rise 7.5% to RMB1.19 trillion ($177.61 billion) on the occasion of the communist country’s 70th anniversary of its founding.

This figure compares with RMB1 ...

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