China defense budget to grow 10.7% in 2013
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Chinese Premier Wen Jiabao delivers the government work report to the annual session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, March 5, 2013. [Photo/Xinhua] |
BEIJING - China plans to raise its defense budget by 10.7 percent to 720.2 billion yuan ($114.3 billion) in 2013, according to a budget report to be reviewed by the national legislature.
The military spending will be used to improve living and working conditions of service people, make the armed forces more mechanized and information-based, and safeguard national security, the report on draft central and local budgets for 2013 says Tuesday.
China spent 650.6 billion yuan on national defense in 2012, an increase of 11.6 percent than the previous year, says the report to be reviewed at the first session of the 12th National People's Congress.
"China's peaceful foreign policies and its defensive military policies are conducive to security and peace of Asia," said Fu Ying, spokesperson for the first session of the 12th NPC.
China's military spending is dwarfed by that of the United States, and its per capita figure is also far less than that of the US.
China's military spending amounted to about 1.25 percent of its GDP in 2012. The ratio was less than that of the United States, Britain and many other countries.
According to a white paper on China's defense released in 2010, the country's military spending mainly comprises the living expenditures of service people, expenses for training and maintenance, and spending on equipment.
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