China says defense budget to rise to $173 billion in 2018
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March 4, 2018
BEIJING (AP) — China's defense budget will rise 8 percent to 1.1 trillion yuan ($173 billion) this year as the country is preparing to launch its second aircraft carrier, integrating stealth fighters into its air force and fielding an array of advanced missiles able to attack air and sea targets at vast distances.
The figure released in a report Monday to the ceremonial National People's Congress is an increase from last year, when finance ministry officials told the Associated Press the budget was rising 7 percent to 1.044 trillion yuan ($151 billion).
Years of double-digit percentage growth...
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