In the annual meeting of the Chinese state parliament (National People's Congress), which lasted for 10 days annual budget speech was opened by Prime Minister of China Li Keqiang that convey the government budget in 2015. In that speech the Chinese government plans to raise its military budget this year, but the amount of increase is lower since In 2010.
The Chinese government raised the national defense budget by 10.1 percent in 2015 and is smaller than the target last year to 12.2 percent rise. The increase this year was the lowest in five years, with this increase in military spending be 886.9 billion yuan (US $ 141.4 billion or Rp1840 trillion).
China has for many years to increase spending on the People's Liberation Army (PLA) especially the last few years there is a dispute with Japan that sometimes ignore the difficult economic conditions. For the Chinese government's military budget is a priority, but this year the budget to be reduced because of the economic reforms that are being done for the sake of the country's economic recovery this year GDP target trimmed to 11-year lows.
China's ruling Communist Party which stated that the greatest military power in the world aimed at securing world peace rather than engaging in disputes with neighboring countries on the seizure of territory in the East and South China Sea. If you look at the increase in the military budget in the past five years, in 2010 to raise the budget of only 7.5 per cent and for the year 2011 increased 12.7 percent, in 2012 increased 11.2 percent, in 2013 increased 10.7 percent and in 2014 increased 12, 2 percent.
In addition to GDP, the government also lowered its annual inflation target of 3 percent, annual inflation fell to the lowest level in more than five years from 0.8 percent in January and triggered economic concerns. Chinese leaders seem to try to fix the rate of economic growth by reforming to depend not only on investment but of consumer spending, which became the main engine for expansion.
China has for many years to increase spending on the People's Liberation Army (PLA) especially the last few years there is a dispute with Japan that sometimes ignore the difficult economic conditions. For the Chinese government's military budget is a priority, but this year the budget to be reduced because of the economic reforms that are being done for the sake of the country's economic recovery this year GDP target trimmed to 11-year lows.
China's ruling Communist Party which stated that the greatest military power in the world aimed at securing world peace rather than engaging in disputes with neighboring countries on the seizure of territory in the East and South China Sea. If you look at the increase in the military budget in the past five years, in 2010 to raise the budget of only 7.5 per cent and for the year 2011 increased 12.7 percent, in 2012 increased 11.2 percent, in 2013 increased 10.7 percent and in 2014 increased 12, 2 percent.
In addition to GDP, the government also lowered its annual inflation target of 3 percent, annual inflation fell to the lowest level in more than five years from 0.8 percent in January and triggered economic concerns. Chinese leaders seem to try to fix the rate of economic growth by reforming to depend not only on investment but of consumer spending, which became the main engine for expansion.
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