China to increase 2018 defense budget by 8.1pc
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China will raise its defense budget by 8.1 per cent in 2018, up from last year's 7 per cent.
According to a budget report to be submitted to national legislature on Monday, defense budget will be 1.11 trillion yuan.
The Spokesperson for first annual session of 13th NPC, Zhang Yesui said China's defense budget takes up a smaller share of its gross domestic product and national fiscal expenditure compared with other major countries.APP/AFP
