In 2015 the authorities of the People’s Republic of China plan to increase expenses on arms and army of the country to 10,1% in comparison with 2014. Thus, the volume of costs of these purposes will make 886,898 billion yuans ($144,2 billion).
Wang Qunwas, Director – General of the Department of Arms Control reported that in 2014 expenses on the defensive purposes of China grew by 12,2% in annual comparison – to $132 billion, in 2013 – for 10,7%, in 2012 – for 11,2%, in 2011 – 12,7%. With the volume of the financial income of China exceeding 10,63 trillion yuans ($1,73 trillion), more money will be spent on army. Following the results of January-September of the current year, financial expenses of China grew by 13,2% concerning January-September of last year – to more than 10,36 trillion yuans. Only for September the country spent over 1,4 trillion yuans – 9,1% more, than for the ninth month 2013. At the opening of the National People’s Congress in Beijing Wednesday, a major political meeting, officials also said they expect the economy to continue to see stable growth of around 7.5 percent this year.