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China’s defense spending grows at slower rate this yearThe defense budget will grow at a rate of 7.6 percent in 2016,the lowest in six years,according to a budget report given to the Fourth Session of the 12th National People’s Congress,China’s top legislature,on March 5.This year,the budget is 954 billion yuan($146 billion),compared with last year’s budget of 886.9 billion yuan($136 billion).
China’s defense spending grows at slower rate this yearThe defense budget will grow at a rate of 7.6 percent in 2016, the lowest in six years, according to a budget report given to the Fourth Session of the 12th National People’s Congress, China’s top legislature, on March 5.This year, the budget is 954 billion yuan ($ 146 billion), compared with last year’s budget of 886.9 billion yuan ($ 136 billion).