China eyes 8% rise in defence budget

China eyes 8% rise in defence budget
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Highlights

China is set to raise its defence budget by around 7 to 8 percent this year, an official said on Friday.At a press conference a day ahead of the National People\'s Congress annual session, spokesperson Fu Ying said the increase is in line with China\'s national defence need and fiscal revenue, Xinhua news agency reported.

China is set to raise its defence budget by around 7 to 8 percent this year, an official said on Friday.At a press conference a day ahead of the National People's Congress annual session, spokesperson Fu Ying said the increase is in line with China's national defence need and fiscal revenue, Xinhua news agency reported.

The exact figure will be released in a budget report on Saturday.

China's defence budget rose by 10.1 percent last year.

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