Sunday 4 March 2018

China NPC: Government sets trillion yuan military budget

China has announced a military budget of 1.11 trillion yuan ($175bn; £126bn) for the coming year.

The figure, an 8% increase on last year, was announced by Prime Minister Li Keqiang as the annual meeting of parliament got under way in Beijing.

Mr Li also set a target of 6.5% growth for the economy.

The National People's Congress (NPC) is also expected to remove the two-term presidential limit, enabling Xi Jinping to remain in office indefinitely.

The move, which was long expected but has been controversial even in China nonetheless, has helped cement Mr Xi's status as the most powerful leader since Chairman Mao Zedong.


Source : bbc

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