China defence budget rise to defy slowing economy


  • World
  • Wednesday, 04 Mar 2015

A tank of the People's Liberation Army (PLA) Marine Corps fires during a military drill at a military base in Taonan, Jilin province January 25, 2015.REUTERS/China Daily

BEIJING (Reuters) - China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets.

Parliament spokeswoman Fu Ying told reporters the actual figure would be released on Thursday, when the annual session of the largely rubber-stamp National People's Congress opens.

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