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China 'likely' to boost defense budget

 

As China continues to push forward its military reform to achieve modernization in an unpredictable and volatile international security environment, the country is likely to see a steady increase in its defense budget in 2019 to about 1.2 trillion yuan ($179 billion), Chinese military experts said Monday. The figure is expected to be released at China's annual two sessions in early March. It is reasonable for China to increase its defense budget as its economy grows, analysts said. Constant increases in the defense budget is beneficial to maintaining the combat capability of the People's Liberation Army (PLA) by modernizing its weapons and equipment, a military expert told the Global Times on condition of anonymity on Monday, noting a stable 8-9 percent increase from 2018 would be a reasonable prediction......................

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