China to increase military spending
China will boost military spending by 17.8 per cent this year, a spokesman for the
country's parliament said today.
The rise in defence spending continues more than a decade of double-digit
annual increases that has stirred unease in Washington and some of China's
Jiang Enzhu said the 350.92 billion yuan (€34 billion) defence budget would
mainly be spent on boosting wages and living allowances for members of the armed
forced and on upgrading armaments "in order to enhance the military's ability
to conduct defensive operations."
Jiang also warned Taiwan's president over moves to formalise independence.
China has previously said that it would use military force if the self-governing
island did try and break away.