China cuts defense budget growth to 9% for 2003

China cuts defense budget growth to 9% for 2003

BEIJING, China - China's Finance Minister Xiang Huaicheng proposes a budget plan for fiscal 2003 to the National People's Congress on March 6. It cuts growth in the defense budget to around 9%, the first single-digit figure in 15 years.

China sets 17.6% military hike for 2002

China sets 17.6% military hike for 2002

BEIJING, China - Chinese Finance Minister Xiang Huaicheng presents the country's state budget to the National People's Congress (NPC) on March 6. He told the national legislature that China will raise its military budget by 17.6% in 2002 to create a more high-tech fighting force to ''better safeguard national sovereignty.''

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.

Summers, Xiang hold talks

Summers, Xiang hold talks

BEIJING, China - Chinese Finance Minister Xiang Huaicheng (R) and U.S. Treasury Secretary Lawrence Summers walk down to a press conference room following their talks in Beijing on Oct. 25.

China sets 17.6% military hike for 2002

China sets 17.6% military hike for 2002

BEIJING, China - Chinese Finance Minister Xiang Huaicheng presents the country's state budget to the National People's Congress (NPC) on March 6. He told the national legislature that China will raise its military budget by 17.6% in 2002 to create a more high-tech fighting force to ''better safeguard national sovereignty.''

China cuts defense budget growth to 9% for 2003

China cuts defense budget growth to 9% for 2003

BEIJING, China - China's Finance Minister Xiang Huaicheng proposes a budget plan for fiscal 2003 to the National People's Congress on March 6. It cuts growth in the defense budget to around 9%, the first single-digit figure in 15 years. (Kyodo)

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.

Summers, Xiang hold talaks

Summers, Xiang hold talaks

BEIJING, China - Chinese Finance Minister Xiang Huaicheng (R) and U.S. Treasury Secretary Lawrence Summers walk down to a press conference room following their talks in Beijing on Oct. 25.