BEIJING, March 4: China will boost defence spending by 17.8 per cent in 2007, accelerating the emerging power’s string of annual double-digit rises in money for a modern military that reflects its economic strength.
Jiang Enzhu, spokesman for the National People’s Congress, said on Sunday that the planned budget for the People’s Liberation Army (PLA) this year was 350.92 billion yuan, or about $44.94 billion, an increase of 52.99 billion yuan on 2006.—Reuters
