China’s military budget has increased 8 percent by one percent this year compared to last year. On Monday, the budget of China’s $ 175 billion budget was announced; Which is almost three times more than the military budget of India. Bangladeshi about 14 lakh 50 thousand crores China has announced a huge budget to make the military into an ambitious force.
Last year, China’s military expenditure was increased to 7 percent. But this year it has been increased to 8 decimal one percent.
The budget report submitted by the National People’s Congress (NPC) has said that the 2018 defense budget will be 1.1 trillion yuan ($ 175 billion). Last year, the Chinese military increased the budget to $ 150.5 billion.
China is currently spending most of the military in the world after the United States. The Pentagon has been urged to increase US military spending in 2016 to $ 686 billion; Which is $ 80 billion more than the 2017 budget.
China’s military budget announced this year is almost three times more than the rival and neighboring India’s military budget. India’s current military budget size is only 46 billion dollars.
Shi Xinping, Chief of the Armed Forces, has emphasized on improving the strength and capability of the army to make the Chinese military’s modern force. At that time the country’s huge military budget was announced.
Source: Times of India, Xinhua
