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Friday, March 5, 2010

China annouonced a little increase to its military in its budget

China on Thursday announced its smallest defence budget increase in years amid national belt-tightening, and vowed that its rapid military modernization posed no threat to other countries.

The proposed military budget for 2010 is 532.1 billion yuan ($77.9 billion), up 7.5% from actual defence spending in 2009, a government spokesman said.

The figure breaks a string of double-digit increases going back many years that has caused worry among China's neighbours and the US over the objectives of an effort to rapidly modernise its once-backward armed forces.

"China is committed to peace," Li Zhaoxing, spokesman for the National People's Congress (NPC), said in unveiling a figure he called "reasonable".

"The sole purpose of China's military strength is to protect China's sovereignty and territorial integrity," he told a news conference.

Li said the figure was in a budget submitted to the NPC, China's rubber-stamp parliament, which opens its annual session on Friday and typically approves such items by overwhelming margins. Li, a former foreign minister, said the bulk of the spending increase would go towards improving conditions for China's 2.3 million service personnel and for the "revolution" in China's military, a phrase referring to modernization.

He however stressed the figure amounted to only about 1.4% of China's gross domestic product, compared to what he said was 4% for the US.

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