Harsha Kakar China last week released its annual budget as part of its National People’s Conference, the country’s rubber-stamp legislature. There was an increase of 7.2 percent for defence over the previous year. Defence expenditure has witnessed a steady rise since Xi Jinping became President of the country in 2013. The budget rose from 720 billion Yuan in 2013 to 1.67 trillion Yuan (USD 230 Billion plus) this year. The Chinese defence share of the budget remains 1.3% of its … Continue reading China’s ever increasing defence budget