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China’s military budget will be increased by between seven to eight per cent this year compared with last year, China’s National People’s Congress spokeswoman Fu Ying announced on Friday.

Speaking at

a press conference, ahead of Saturday’s opening session of the national legislature in Beijing, Fu said the military budget growth for 2016 would be smaller than last year.

She said the planning of the military budget was based mainly on China’s defence needs and the economic development of China.

READ MORE: China’s military needs budget increase of 20pc, says general

Last year, the People’s Liberation Army’s budget increased 10.1 per cent to 886.9 billion yuan (HK$1 trillion). The US defence budget was US$597 billion that year.

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