THE SUN – PATRICK KNOX
CHINA has today unveiled its largest rise in defence spending in three years as it bids to dominate the world with a vast superpower military.
The 2018 defence budget will be 1.11trillion yuan (£127billion), according to a bombshell report issued at the opening of China’s annual meeting of parliament.
The defence spending figure is closely watched around the world for clues about China’s strategic intentions as it develops new military capabilities, including stealth fighters, aircraft carriers and anti-satellite missiles.
China has also been developing a whole next-generation battery of weapons including hypersonic missiles and electromagnetic railguns.