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China slows defense budget growth to 6.6 % in 2020

2020-05-23 09:44:17       source:Global Times

May 22, 2020

China set its 2020 defense budget growth target at 6.6 percent, resulting in a draft budget of 1.268 trillion yuan ($178.2 billion), lower than the 7.5 percent growth in 2019. 

The figure was made public on Friday in a draft budget report to be submitted to the annual session of the National People's Congress (NPC).

This also marks the lowest defense budget growth rate in recent years.

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