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03.03.201122:47:00UTC+00China's 2011 Defence Budget to rise 12.7 Pct to 601.1 Bln Yuan ($91.5 Bln)

News:

Chinese parliamentary spokesman Li Zhaoxing said China's official military budget for 2011 will rise 12.7 pct over last year to to 601.1 bln yuan ($91.5 bln)
This compared to a 7.5 pct rise in the previous year to 532.1 bln yuan

Quotes:

"China's defence spending is relatively low by world standards. China has always paid attention to restraining defence spending." - Li said

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