China to raise defence budget by 10%: China vs USA military spending going up
China vs USA war may not be likely soon, but the communist nation seems to be preparing for such a scenario. China-US rabble rousing is going to get worse as reports suggest that China is going to increase its defense budget by as much as ten percent. Reports suggest that the communist nation that is without doubt the biggest economy in the world will hike its defense budget to 886.9 billion yuan ($141.45 billion) this year.
Reports claim that China is working hard on next generation war machines. It is accelerating high-tech weapons systems.
Chinaâ€™s defense spending is steadily going up for the last two decades. But given the communist nationâ€™s slowing economy, the hike is going to look bitter to many people.
While talking in Chinaâ€™s Parliament Prime Mininster Li Keqiang said, â€œWe will comprehensively strengthen modern logistics, step up national defence research and development of new- and high-technology weapons and equipment, and develop defence-related science and technology industriesâ€.
Another top Chinese official Lieutenant General Zhong Zhiming said, â€œGovernments at all levels must always take an active interest in and support the strengthening of our national defence and armed forcesâ€¦We must develop our weaponry and raise the standards of treatment for military personnel, only then will we be able to really strengthen our strategic combat effectiveness. Then no enemy will dare to bully usâ€.
The official Xinhua news agency said concerns sparked by the spending increase were “misplaced and unfounded”, saying China’s defence spending was not big given that it had a large territory and the world’s biggest population. It also pointed to increases in Japan’s military budget.