March 2018
11:32 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
China increases defence budget
(Beijing, Mar 5, 2018): China today announced a 8.1 per cent hike in its defence expenditure for this year to a whopping USD 175 billion, which is over three times higher than India's defence budget, as it seeks to further advance an ambitious modernisation drive for its military.

The 8.1% increase is higher than last year's announcement, when China upped military spending by 7% over the previous year.

According to a budget report to be submitted to the National People's Congress (NPC) today, the 2018 defence budget will be 1.11 trillion yuan (USD 175 billion).

China last year increased the defence budget to USD 150.5 billion. China is the second largest spender on defence after the US. The Pentagon has requested a budget of USD 686 billion in 2019, up USD 80 billion from 2017.

The increase of China's defence budget by 8.1 per cent this year, is three times higher than India's latest defence budget of about USD 46 billion.

China's budget announcement comes as President Xi Jinping, the commander in chief of the country's armed forces, focuses on increasing both the sophistication and reach of the country's military.

Though China announced its military spending at about USD 150.5 billion last year, observers say it is considerably higher, considering it is now building two more aircraft carriers in addition to the one already in service as well as addition of new jet fighters, including stealth fighter J-20.

The Chinese Navy also expanded its global reach with flotilla ships sailing through the far-off oceans to expand China's influence.

The official media justified the increase to USD 175 billion, saying although slightly higher than the previous two years, the growth rate is the third time to dip into the single digit since 2013, following 7.6 per cent in 2016 and 7 per cent in 2017.

China's defence budget takes up a smaller share of its gross domestic product (GDP) and national fiscal expenditure compared with other major countries, Zhang Yesui, the spokesperson of the NPC told the media here yesterday.

Its military spending per capita is also lower than other major countries, Zhang said.

"A large part of the growth of the defence budget is to make up for the low military spending in the past and is mainly used to upgrade equipment and improve the welfare of servicemen and women and the living and training conditions of grassroots troops," he said.(PTI)

Turkey-backed forces take 'total' control of Afrin
Crushed hopes greet Aung San Suu Kyi in Australia
Mauritius: Ameenah Gurib-Fakim resigns over credit card scandal
Trump fires former FBI deputy director Andrew McCabe
Six dead in Florida university footbridge collapse
Trump's daughter-in-law files for divorce from her husband
Thousands flee in first mass exodus from Syria's besieged eastern Ghouta
Famed German director makes film about Pope Francis
British scientist Stephen Hawking dies at his home aged 76
Trump sacks Tillerson; CIA director Mike Pompeo to be new secretary of state
Palestinian PM Hamdallah survives Gaza roadside bomb attack
Shoe thrown at Imran Khan during rally in Pakistan
Official: Insurgents attacked police checkpoint, killing 5
Southwest passengers leap from wing after emergency landing
NASA probe set to uncover mysteries of rare 'relic galaxy'
US Defence Secretary Mattis arrives in Kabul on unannounced visit
Trump blocks Broadcom's USD 117 billion bid to buy Qualcomm
Krishna Kohli takes oath as Senator donning traditional Thari dress
Slovak interior minister quits after journalist murder
Five dead in New York river helicopter crash
Watch Video: Fun filled trailer of 'Kuttanadan Marpappa' is here !
 (Mar 17, 2018, DG): The trailer of Kunchacko Boban starrer 'Kuttanadan Marppaappa' has been r  
Irrfan Khan diagnosed with tumour
There should be space for dissent, disagreement: Nandita Das
Amitabh Bachchan says he is fine
BJP leaders meet Mani at home
 (Kottayam, Mar 17, 2018, DG): BJP leaders visited Kerala Congress veteran KM Mani's house on
Lorries crash into each other at Kuravilangad, 2 killed
Nisha's controversial book: Jose.K.Mani responds to media
Three stars may be opened, Sudheeran warns govt
Sonia targets Modi, accuses him of making hollow promises
 (New Delhi, Mar 17, 2018): Former Congress president Sonia Gandhi today launched an all-out a
Rape attempt on university student
Congress urges EC to revert to paper ballots
Gorakhpur DM among 37 IAS officers shuffled in UP
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.