National People's Congress

China Adds $175 Billion to Military Budget to ‘Advance War Preparedness’

China revealed on Monday that it will raise its military budget by $175 billion for the 2018 fiscal year, an 8.1 increase that is the largest military spending hike in three years. According to Premier Li Keqiang, the additional funding will “advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests.”

China to raise defence budget by 8.1% in 2018