Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
New thinking needed in tackling our water issues
Is beauty to be found in ‘ugly’ attractions?
Sunday
- Subscribe
Related News
China's defense spending accounts for 1.4% of 2008 GDP
Source: Xinhua |
March 4, 2009, Wednesday
|
Online Edition
Online Edition
CHINA'S defense expenditure accounted for 1.4 percent of the country's GDP in 2008, a parliament spokesman said in Beijing today.
"China's limited military force is mainly for safeguarding our sovereignty, and will not pose threat to any country," said Li Zhaoxing, spokesman for the Second Session of the 11th National People's Congress (NPC), the top legislature, at a press conference.
Li said that taking elements as population and territory into consideration, China's defense expenditure was fairly low compared with other countries.
The military spending of the United States accounted for about four percent of its GDP, while those of Britain and France were above two percent, according to Li.
China plans to increase its defense budget by 14.9 percent in 2009, a rise of 62.482 billion yuan from last year to 480.686 billion yuan, Li said.
The budget accounts for 6.3 percent of the country's total fiscal expenditure budget in 2009, a small decrease from previous years, Li said.
"China's limited military force is mainly for safeguarding our sovereignty, and will not pose threat to any country," said Li Zhaoxing, spokesman for the Second Session of the 11th National People's Congress (NPC), the top legislature, at a press conference.
Li said that taking elements as population and territory into consideration, China's defense expenditure was fairly low compared with other countries.
The military spending of the United States accounted for about four percent of its GDP, while those of Britain and France were above two percent, according to Li.
China plans to increase its defense budget by 14.9 percent in 2009, a rise of 62.482 billion yuan from last year to 480.686 billion yuan, Li said.
The budget accounts for 6.3 percent of the country's total fiscal expenditure budget in 2009, a small decrease from previous years, Li said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
