China to Increase Defence Spending

china defence budget
  • China will likely announce another large rise in defence spending next month. Ruling Communist Party seeks to assuage the military’s unhappiness at sweeping reforms and as worries over the South China Sea and Taiwan weigh on Beijing.
  • One source with ties to the military who meets regularly with senior officers told Reuters a 30 per cent increase in spending this year had been mooted in military circles.