Posted on 03/04/2010 12:23:22 PM PST by jonatron
BEIJING, March 4 (Xinhua) -- China plans to increase its defense budget by 7.5 percent in 2010, only about half of last year's planned growth of 14.9 percent, a parliament spokesman said here on Thursday.
The planned defense budget is 532.115 billion yuan (about 78 billion U.S. dollars), a rise of about 37 billion yuan from last year's defense expenditure, Li Zhaoxing, spokesman for the annual session of the National People's Congress (NPC), told a press conference.
Defense spending would account for 6.4 percent of the country's total fiscal expenditure in 2010, the same with last year, he said.
However, Li stressed that the figures would not be final until the budget plan is approved at the NPC annual session due to open in Beijing on Friday.
It is the first time for China's defense budget growth rate to drop to less than 10 percent in recent years which saw a row of consecutive double-digit increases.
According to Major General Luo Yuan, a researcher with the Chinese People's Liberation Army's Military Science Academy, the double-digit defense budget growth in the past years was mainly aimed to make up for the inadequacy of the country's defense development.
"This year's 7.5-percent increase signaled that China's defense development has entered a more mature, healthy and stable stage," said Luo, who is also a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee.
(Excerpt) Read more at news.xinhuanet.com ...
Hope everyone is enjoying the crap they’re buying at Walmart, Target, and all the other One World corporations.
Eh?
The Chicoms keep two sets of books; one for the world to see, and the real one.
They lie.
Attention Female California Generation-Y prozac-addicts: After killing and aborting 1,000,000s of female babies, they’re running low on females.
Wal mart is great really. My pic was meant to be satirical.
give them California and all the libs in the state. Hell let them deal with the crowds of illegals, the massive entitlements, the hippies, and when the big earth quake comes they can deal with the cleanup.
“the hippies,”
All those hippy women will more than satisfy the troops. Make the trollops think they’re saving the country and world and promise them a spot on the $1 and they’ll all line up like mad. For the officers we’ll toss them the starlets.
Defense against what? Obama is handing them the country with his giant deficits.
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