China's 2017 defense budget to grow 7 pct: finance official

Source
Xinhua
Editor
Yao Jianing
Time
2017-03-06

BEIJING, March 6 (Xinhua) -- China's defense budget for 2017 will grow 7 percent from the actual figure in 2016, an official with the Ministry of Finance said Monday.

The country's military spending this year will stand at 1.04 trillion yuan (about 152 billion U.S. dollars), with 1.02 trillion yuan from the central budget.

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