The planned defense spending for 2012 PRC informed the President of parliament, Li Zhaoxing, opening the 10-day meeting of the Legislative Assembly. Issue for this purpose 670.3 billion yuan (about 107 billion USD), representing more than twofold increase compared to 2006 (earlier, in 1999-2008, China's expenditure increased annually by more than 16%). It also means an increase compared to 2011 by 11.2%, less than a year earlier when it stood at 12.7%.
PRC defense spending increase of 11.2%
The planned defense spending for 2012 PRC informed the President of parliament, Li Zhaoxing, opening the 10-day meeting of the Legislative Assembly. Issue for this purpose 670.3 billion yuan (about 107 billion USD), representing more than twofold increase compared to 2006 (earlier, in 1999-2008, China's expenditure increased annually by more than 16%). It also means an increase compared to 2011 by 11.2%, less than a year earlier when it stood at 12.7%.
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