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China dropped no more hints on how much it was planning to spend on defense and foreign affairs than saying its military budget will grow "roughly 7%" this year. (Photo by Akira Kodaka)
Politics

China claims transparency on defense spending in its budget

Fiscal deficit target stays at 3% amid tighter monetary policy

JOYCE HO, Nikkei staff writer | China

BEIJING -- Apart from saying its military budget will grow "roughly 7%" this year, China dropped no more hints on how much it was planning to spend on defense and foreign affairs amid rising tensions on both sides of the Pacific.

In the budget, the item "national defense" is substantiated by a guiding principle devoid of specific figures, while "foreign affairs" as an accounting item is not mentioned in the report.

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