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BEIJING, March 4. /TASS/. China’s defense budget will grow by 7-8% in 2016, spokeswoman for China’s National People’s Congress Fu Yin said on Friday.
"The rate of military budget growth this year will be slower than last year, and will amount to about 7-8%," Fu Ying said adding that concrete numbers will be announced on Saturday at the session of China’s National People’s Congress.
Last year, China’s military spending was planned at around $144.2 billion, a 10-percent increase year-on-year from 2014.
The session of China’s National People’s Congress, the country’s unicameral legislature, will open in Beijing on March 5 and run until March 16.