02 April 2012

News Story: Chinese military defends $106 billion defence budget


BEIJING (PTI): Claiming that it has no hidden military expenditure, China on Friday defended the 11.2 per cent increase in its defence budget saying that much of it would go for increased salaries of soldiers, training and exercises as well as acquiring new equipment.

The increase of China's military budget is reasonable and should be viewed objectively, Defence Ministry spokesman Yang Yujun was quoted as saying by the state media.

China increased its military budget this year to 670 billion yuan (USD 106 billion).

Read the full story at Brahmand