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Montevideo, November 14th 2018 - 22:42 UTC

Tag: Military budget

  • Tuesday, March 6th 2018 - 09:46 UTC

    China increases its military budget 8.1% to US$ 175bn; regional powers “nervous”

    “Faced with profound changes in the national security environment, we must treat the Party’s goal of building a stronger armed forces for the new era,” said Li.

    China revealed on Monday that it will raise its military budget by US$ 175 billion for the 2018 fiscal year, 8.1% increase that is the largest military spending hike in three years. According to Premier Li Keqiang, the additional funding will “advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests.”