China to raise 2016 defense budget by 7-8 pct: spokesperson

A spokesperson of China’s national legislature addressed on Friday what could be China’s slowest military budget increase for six years, as the world’s second largest economy feels the chill amid rising headwinds.

Fu Ying, spokesperson for the National People’s Congress annual session, said military spending is budgeted to grow by around 7 to 8 percent in 2016.

The exact figure will be released in a budget report to the session, Fu told a press conference.

China’s defense budget rose by 10.1 percent last year.

A growth rate within the range that Fu mentioned might be the lowest for years since 2010, when the figure stood at 7.5 percent.

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