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China to boost military spending

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posted on Mar, 4 2007 @ 08:56 AM

China to boost military spending

Source Link:

BEIJING, China (AP) -- China's military spending, a point of contention with the United States, will jump 17.8 percent this year, the spokesman for the National People's Congress said Sunday.

Jiang Enzhu said at a news conference on the eve of the annual meeting of China's legislature that military spending would hit 350.92 billion yuan ($44.94 billion) in 2007 -- an increase of 52.99 billion yuan ($6.84 billion) over last year.

Jiang said most of the money would be spent on boosting wages and living allowances for members of the 2.5 million-strong People's Liberation Army, and on upgrading armaments.

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