ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Fu Ying, spokewoman of the National People's Congress, announces another substantial boost in military spending at a press briefing on March 4. (Photo by Akira Kodaka)
Politics

'Foreign interference' has China spending 1tn yuan on military

Country's vice foreign minister bashes US for thinking in the past

JOYCE HO, Nikkei staff writer | China

BEIJING -- China's military budget for 2017 is likely to reach 1 trillion yuan ($145 billion), up roughly 7% from last year and representing 1.3% of the country's gross domestic product for the first time, a National People's Congress spokeswoman said on Saturday.

The announcement closely follows U.S. President Donald Trump's recent request for a 10% increase in defense expenditures.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more