BEIJING: China will continue to lower its defense budget growth rate to 6.6 percent in 2020, according to a draft budget report Friday.
The 2020 defense budget continues to see single-digit growth for a fifth consecutive year. It is the lowest growth rate in recent years.
This year’s defense budget will be around 1.27 trillion yuan (about 179 billion U.S. dollars), according to the draft to be deliberated during the annual session of the National People’s Congress (NPC) starting Friday.
China’s total defense spending in 2019 only amounted to a quarter that of the United States, the world’s largest defense spender, while the per capita expenditure was just about one-seventeenth. – Agencies
