China says, it will increase military spending by about 7 percent this year, just days after Donald Trump outlined a boost to the US defence budget. <br/><br/>At a press conference ahead of Parliament session, Government spokeswoman, Fu Ying, said in Beijing that the defense spending would account for about 1.3 percent of GDP, the same level as the past few years. She said future Chinese expenditure will depend on US actions in the region. <br/><br/>The spokeswoman said China calls for a peaceful settlement of the territorial disputes through dialogue and consultation and at the same time, it need to guard against outside meddling in the disputes.<br/><br/>Earlier this week, US President Donald Trump said, he was seeking to boost defence spending by 10 per cent in his proposed budget plan for 2018.
News On AIR | March 4, 2017 12:16 PM
China to increase military spending by 7% in 2017