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Urgent: China 2015 defense budget to grow 10.1 pct, lowest in 5 years

Xinhua, March 5, 2015 Adjust font size:

China on Thursday announced a 10.1-percent rise in its national defense budget in 2015, the lowest growth in five years as the country confronts mounting pressure in the face of an economic slowdown.

According to a budget report released shortly before the country's top legislature starts its annual session, the government plans to raise defense budget to 886.9 billion yuan (about 144.2 billion U.S. dollars). Endi