Defense budget growth slows
By Wu Jiao in Beijing, Zhang Yuwei in New York and Zhang Chunyan in London | China Daily | Updated: 2013-03-06 07:06
Military spending to mainly cover better living and working conditions
Despite mounting pressure on its peripheral security situation, China's defense budget growth will slow in 2013 for the second consecutive year.
Experts said China is likely to continue moderately raising its defense spending in line with its economic growth, but it still lags behind major world powers in terms of per capita military spending and military equipment and technology.
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