China to increase 2018 defence budget by 8.1 per cent, says rise in spending no threat

hina today skipped the customary announcement of the defence budget ahead of the annual Parliament meeting and justified the steady rise in its military spending, second highest in the world, saying it was in tune with its security needs and would not pose a threat to any country.

China also refuted criticism that its multi-billion-dollar Belt and Road Initiative (BRI) was a geo-strategic tool to spread its influence and said such a characterisation was a “misinterpretation”.

Every year the spokesman of the National Peoples Congress (NPC) unveils the country’s defence budget in terms of percentage.

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