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Saturday, March 4, 2017, 13:01

China to raise 2017 defense budget by around 7%

By Xinhua

China to raise 2017 defense budget by around 7%
A paramilitary guard stands in front of the Great Hall of the People ahead of the opening session of the Chinese People's Political Consultative Conference (CPPCC) in Beijing on March 2, 2017. (Fred DUFOUR / AFP)

BEIJING - China will raise its defense budget by around 7 percent this year, a spokesperson for the annual session of the country's top legislature said Saturday, compared to last year's 7.6 percent.

China's defense spending accounts for about only 1.3 percent of the country's gross domestic product

Fu Ying, spokesperson for the 12th National People's Congress

Fu Ying, spokesperson for the 12th National People's Congress (NPC) annual session, said the increase is in line with China's economic development and defense needs.

The country's defense budget rose by 7.6 percent in 2016 .

The fresh raise could be the country's slowest defense budget rise in more than a decade, and mark the second time that defense budget dip to single-digit increase since 2010. In 2009, the figure was about 15 percent.

US President Donald Trump last month pledged to further strengthen his country's armed forces.

ALSO READ: Xi calls for strong, modern military logistics

In his first address to Congress after taking office, Trump proposed a huge $54 billion surge in the country's military spending, up 10 percent from the previous year.

Fu, meanwhile, noted that China's defense spending accounts for about only 1.3 percent of the country's gross domestic product, as compared with NATO members' pledge to dedicate at least 2 percent of GDP to defense.

"You should ask them what their intentions are," Fu told reporters.

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