China's 2019 defense spending will rise 7.5 percent from 2018, according to...
BEIJING - China’s 2019 defense spending will rise 7.5 percent from 2018, according to a budget report issued at the opening of the country’s annual meeting of parliament on Tuesday, a slower rate than last year but still outpacing the economic growth target.
The 2019 defense spending increase comes as China’s economic growth target for the year was set at 6.0 to 6.5 percent. China’s military build-up has unnerved its neighbors, particularly because of its increasing assertiveness in territorial disputes in the East and South China Seas and over Taiwan, a self-ruled territory Beijing claims as its own.
Beijing does not provide a breakdown of its defense budget, leading neighbors and other military powers to complain that its lack of transparency has added to regional tensions. But diplomats and military experts say China’s defense numbers probably underestimate true military spending for the People’s Liberation Army, the world’s largest armed forces, which are in the midst of an impressive modernization program overseen by President Xi Jinping.
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