Chinese Military budget may get a hike

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Beijing: Despite china’s economic slowdown, Chinese president Xi Jinping is expected to spend a hefty amount to strengthen the country’s armed forces.

The Chinese government keeps its military spending a secret and the additional funding is likely to be spent in increasing the country’s naval power with anti submarine ships and developing more aircraft carriers beyond the ones in operation.

The announcement of the military will be announced at the start of annual meeting of China’s parliament on March 5. China had increased its defense spending by 12.2 percent to $130 billion in 2014.

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