Technology

China ups military spending

China ups military spending”

China, being the second biggest defense spender in the world, pales in comparison to the United States.

For most of the past 15 years, China's defence budget has grown by double digits annually, reflecting the country's economic growth.

Spokeswoman Fu dismissed concerns about China's military.

China's defense budget is expected to rise to $233 billion by 2020, nearly twice what it was in 2010 and four times what Britain spends, according to a study released in December by IHS Jane's.

China's claims in the South China Sea and East China Sea have caused a lot of concern in the region.

Heightened trade tension with Washington would be the last thing Beijing wanted as the ruling Communist Party prepares for a leadership transition later this year amid increasingly downward economic pressure.

Last year, US warships conducted several freedom of navigation operations to counter what Washington sees as Beijing's efforts to limit access in the waters and also to challenge its "excessive maritime claims" in the South China Sea.

Concerning disputes between China and neighboring countries, Fu said China advocates dialogue and peaceful solutions in addressing those issues. Still, China's announced spending is widely believed to understate the real amount.

Fu Ying on Saturday shrugged off questions about military investment.

"She added", Look at the past decade or so, there have been so many conflicts, even wars, around the world resulting in serious, large numbers of casualties and loss of property, so many refugees destitutes and homeless. Analysts said China opted for low spending on military in view of the economic slowdown and the government's need for investing in areas that can boost the economy. It would be adequate for the military's needs as well as its modernisation programmes.

Source said the smaller increase could affect the compensation for officers made redundant as the leadership reduces troop sizes to prioritise advanced weaponry capabilities. "The army's equipment is being upgraded".

"China's military capacity building will be continued".

"In essence. Washington is perhaps concerned that China could catch up with or surpass the United States in terms of capability", she said, noting that there is still a huge gap between the two countries.

Trump then publicly questioned United States support for the one-China policy, alongside constant criticism of China's currency tactics, threats to slap punitive tariffs on Chinese goods, and bluster over China's military build-up in the South China Sea - all of which are believed to have reinforced the concerns of the nation's top leaders who prize stability and predictability as top priorities. Indeed, Fu and her colleagues might find it tough to sell the 7 percent figure at home.

Last month Chinese military veterans demonstrated in central Beijing for two consecutive days, demanding unpaid retirement benefits in a new wave of protests highlighting the difficulty in managing demobilized troops.

After increasing military spending at double-digit rates for most of the past 25 years, the Chinese government began slowing the pace in recent years as the economy began downshifting.

"The US is a military superpower, " the Times editorial said, "But it still wants to expand its military, which foreshadows the unavoidability of further strategic turbulence".



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