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China raises 2016 defence spending by 7.6 percent: budget

Chinese soldiers conduct a practice ahead of a military parade at Tiananmen Square in Beijing, on September 3, 2015, to mark the 70th anniversary of victory over Japan and the end of World War IIChina will raise its defence spending by 7.6 percent this year, a budget report to the country’s Communist-controlled parliament showed on Saturday, a smaller increase than past years as it seeks a more efficient military. It was the “lowest defence budget increase in six years”, the official news agency Xinhua said, adding it came “in the wake of rising economic headwinds and last year’s massive drawdown of service people”. The comment was a reference to cut of 300,000 personnel in the People’s Liberation Army (PLA), still the world’s largest standing military, announced by President Xi Jinping at a giant military parade in Beijing last September to commemorate the 70th anniversary of Japan’s World War II defeat.

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