China to increase military spending by 14.7%

By
March 4, 2006 09:03




China will increase its military budget by 14.7 percent this year to 283.8 billion yuan (US$35.3 billion; €28.6 billion), a government spokesman said Saturday. The increase will pay for salaries, new equipment, training and higher fuel costs due to soaring oil prices, said Jiang Enzhu, a spokesman for China's parliament, which opens its annual session on Sunday. "I wish to emphasize that China is a peace-loving nation," Jiang said at a news conference. "China is committed to a path of peaceful development." Beijing's true military spending is believed to be as high as several times the reported figure, which doesn't include weapons purchases and other key items.


Related Content

Woody Allen on July 17, 2014
January 19, 2018
Woody Allen gets hit with a wave of #MeToo backlash

By JTA, REUTERS

Israel Weather
  • 6 - 13
    Beer Sheva
    13 - 15
    Tel Aviv - Yafo
  • 6 - 7
    Jerusalem
    11 - 12
    Haifa
  • 9 - 17
    Elat
    10 - 15
    Tiberias