China will increase military costs by 7% in 2017

In 2017, China will increase the military budget by 7%, which will be 1.3% of the country's GDP. This was stated by the official representative of the All -Chinese Assembly of People's Representatives of Fu Ying, reports Reuters .

“Every year we draw up a military budget, taking into account the economic development of China and our needs,” Fu Yin explained.

He added that defense expenses are determined based on considerations of state security, and not “threats or confrontation with other countries”.

The agency noted that with an increase in financing by 7%, the military budget will increase to 1.02 trillion yuan ($ 148 billion), which will amount to a fourth part of the flow of the Pentagon.

Earlier it became known about the disposal of US President Donald Trump to increase the funding of the Pentagon and reduce the costs of other ministries. In particular, “by tens of billions of dollars” to reduce the budget of the Ministry of Environmental Protection, to reduce the financing of the Ministry of Trade by 18% and by 17% - agencies studying the problems of climate change.

At the same time, Social Security (Medicare) does not plan to “significantly reduce” social security programs.