China ups defense spending 17% in fiscal 2001

China ups defense spending 17% in fiscal 2001

BEIJING, China - Chinese Finance Minister Xiang Huaicheng outlines the fiscal 2001 budget plan to the National People's Congress on March 6. The budget sets aside 141 billion yuan ($17 billion) in the fiscal 2001 budget for military spending, up 17% from the previous year, signaling China will continue to build up its defense capabilities.

  • Product Code
  • ILEA001083463
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  • 2001/3/06 00:00:00
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  • Kyodo / Kyodo News Images
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  • 2001 Kyodo News
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  • 1864 × 1642 pixel
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