Is China Unable to Afford Its Military?

Is China Unable to Afford Its Military?

The biggest surprise to emerge from the highly scripted National People’s Congress annual meeting, which concluded last week in Beijing, was the announcement that the country’s military budget would increase a mere 7.6 percent this year. The figure is well below last year’s announced 10.1 percent jump and is the first single-digit rise since 2010, when the generals and admirals had to live with 7.5 percent.

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