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2011.03.0322:47:00UTC+00China's 2011 Defence Budget to rise 12.7 Pct to 601.1 Bln Yuan ($91.5 Bln)

News:

  • Chinese parliamentary spokesman Li Zhaoxing said China's official military budget for 2011 will rise 12.7 pct over last year to to 601.1 bln yuan ($91.5 bln)
  • This compared to a 7.5 pct rise in the previous year to 532.1 bln yuan

Quotes:

  • "China's defence spending is relatively low by world standards. China has always paid attention to restraining defence spending." - Li said

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