Fu Ying, spokesperson for China’s National People’s Congress, comments on the announcement that Chinese defence spending will rise about 7% this year. She added that this equated to 1.3% of projected 2017 GDP, which is lower than the 3.3% of GDP spent by the US in 2015 on defence.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.