{"id":30838,"date":"2018-10-27T11:04:36","date_gmt":"2018-10-27T05:34:36","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30838"},"modified":"2018-10-27T11:04:36","modified_gmt":"2018-10-27T05:34:36","slug":"china-hikes-military-budget-by-8-1","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/china-hikes-military-budget-by-8-1\/","title":{"rendered":"China hikes military budget by 8.1%"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-international\/china-hikes-military-budget-by-81\/article22938065.ece\"><b>China hikes military budget by 8.1%<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">China has hiked its military budget by 8.1%<\/span><\/p>\n<p><b>China\u2019s Defense Budget:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">China has hiked its defence budget by a hefty 8.1% over the previous year<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This has highlighted the country\u2019s intent to build world-class armed forces.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The total amount of spending would be $175 billion<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">China has been steadily increasing its military spending, dovetailed to its economic rise.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">From a budget of $132 billion in 2014, spending rose by 10%, 7.6% and 7% respectively in the following years.<\/span><\/li>\n<\/ul>\n<p><b>The Road ahead for China:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Chinese Prime Minister has highlighted that that China would focus on building strong naval and air defences, bolstered by the infusion of high technology, derived though greater collaboration between domestic military and civilian industry<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">He has underscored that China had fulfilled its earlier goal of cutting troop numbers by 3, 00,000, as part of a road map to build a modern technology driven military force.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Further he has stressed that major advances had been recorded in developing military technology and equipment with the help of greater civilian-military industrial integration.<\/span><\/li>\n<\/ul>\n<p><b>Other Details:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">China intended to raise its Gross Domestic Product (GDP) by around 6.5%.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This is expected to lift 10 million people out of poverty<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Unemployment rate would be cut to below 5.5%.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u2018<\/span><b>Made in China 2025\u2019<\/b><span style=\"font-weight: 400;\">: Chinese Prime Minister has pointed out that the new budgetary allocations were in tune with China\u2019s transition to a innovation-based economy that would leverage Artificial Intelligence, Big Data and Internet of Things to produce world-class products under the \u2018Made in- China 2025\u2019 plan.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>China hikes military budget by 8.1% Context: China has hiked its military budget by 8.1% China\u2019s Defense Budget: China has hiked its defence budget by a hefty 8.1% over the previous year This has highlighted the country\u2019s intent to build world-class armed forces. The total amount of spending would be $175 billion China has been&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/china-hikes-military-budget-by-8-1\/\">Continue reading <span class=\"screen-reader-text\">China hikes military budget by 8.1%<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30838","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704896018},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30838"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30838\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}