DefenceTalkChina plans to raise its defense budget by 12.2 percent to 808.2 billion yuan (about 132 billion U.S. dollars) in 2014, according to a draft budget report submitted to the national legislature for review on Wednesday. In 2013, the country spent 720.197 billion yuan on national defense, a 10.7-percent increase from the previous year. Double-digit […]https://www.defencetalk.com/china-defense-budget-to-increase-12-2-pct-in-2014-58944/