Military vehicles carrying DF-41 intercontinental ballistic missiles travel past Tiananmen Square during the military parade marking the 70th founding anniversary of People's Republic of China, on its National Day in Beijing, China Oct 1, 2019. - Reuters
BEIJING (AFP): China will increase its military budget by a slower 6.6 per cent this year, the government announced Friday (May 22) at the opening session of its annual National People's Congress.
The budget will be set at 1.268 trillion yuan (US$178 billion) for the year -- the second-biggest in the world after the United States -- continuing a downward trend in military spending and lower than last year's increase of 7.5 per cent.
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