China's defense budget to grow 17.6 percent in 2008

2008-03-03 20:55:02 Xinhua English

BEIJING, March 4 (Xinhua) -- China plans to increase its defense budget by 17.6 percent in 2008, a parliament spokesperson said here on Tuesday..

The planned defense budget for 2008 was 417.769 billion yuan, a rise of 62.379 billion yuan from last year, Jiang Enzhu, spokesman for China's top legislature's annual session, told a press conference.