China to Boost Military Spending by 8 Percent

(From UPI)

China will increase its military spending by 8.1 percent in 2018 in a bid to further modernize weapons and vessels for the world’s largest army, officials said Monday.

Chinese government officials released a budget document Monday that showed the government’s plan to spend about $175 billion across all branches of the People’s Liberation Army.

“A large part of the growth of the defense budget is to make up for the low military spending in the past and is mainly used to upgrade equipment and improve the welfare of servicemen and women and the living and training conditions of grassroots troops,” said Zhang Yesui, a spokesman for China’s National People’s Congress, according to CNN.

Click here for article.