Beijing .- China will increase its annual military budget by 12.7 percent to 601,000 million yuan (65.553 million euros, U.S. $ 91.473 million), above the 7.5 percent rise last year announced today the official Xinhua news agency. The Chinese military budget is 67,600 million yuan and higher than 2010 (7.373 million euros, U.S.
$ 10.288 million) and will be a 6 per cent of the total budget of China. The defense budget also exceed, unlike last year, growth of gross domestic product (GDP) of the Asian giant, which in 2010 rose 10.3 percent, and this year is estimated to grow around 7 percent, as predicted last week the Chinese premier, Wen Jiabao.
Last year was the first rise in the military budget was 10 percent, and was almost half that went in previous years, when it was around 15 percent. Although the increase is greater than in 2010, the spokesman for the Popular National Assembly (ANP), Li Zhaoxing, said that "the Government has always tried to limit military spending and set defense spending at a reasonable level to ensure a balance between national defense and economic development.
" Li, also former foreign minister said, after giving the figure, China's military spending is "transparent" and "defensive" and will target, among others, a moderate improvement armament, training exercises and living standards of the military. China has the largest army in the world, with two million soldiers, while Li noted that compared to the world average, China's military spending is lower, because also the most populated country in the world, more than 1,300 million .
Li added that "China's limited military force is only to safeguard its national sovereignty and territorial integrity, and does not constitute a threat to any country." The announcement was made, as every year, a day before the start of the annual plenary of the National People's Congress, which approved the bills of the Chinese Executive. 
$ 10.288 million) and will be a 6 per cent of the total budget of China. The defense budget also exceed, unlike last year, growth of gross domestic product (GDP) of the Asian giant, which in 2010 rose 10.3 percent, and this year is estimated to grow around 7 percent, as predicted last week the Chinese premier, Wen Jiabao.
Last year was the first rise in the military budget was 10 percent, and was almost half that went in previous years, when it was around 15 percent. Although the increase is greater than in 2010, the spokesman for the Popular National Assembly (ANP), Li Zhaoxing, said that "the Government has always tried to limit military spending and set defense spending at a reasonable level to ensure a balance between national defense and economic development.
" Li, also former foreign minister said, after giving the figure, China's military spending is "transparent" and "defensive" and will target, among others, a moderate improvement armament, training exercises and living standards of the military. China has the largest army in the world, with two million soldiers, while Li noted that compared to the world average, China's military spending is lower, because also the most populated country in the world, more than 1,300 million .
Li added that "China's limited military force is only to safeguard its national sovereignty and territorial integrity, and does not constitute a threat to any country." The announcement was made, as every year, a day before the start of the annual plenary of the National People's Congress, which approved the bills of the Chinese Executive.
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