Photographer: Justin Chin/Bloomberg

China Defense Buildup Slows as Xi Focuses on Military Revamp

  • Budget to rise 7% to 8%, slowest pace since at least 2010
  • China military spending remains less than a quarter of U.S.

The pace of China’s defense spending growth will slow to between 7 and 8 percent this year as President Xi Jinping carries out the most sweeping military overhaul in decades in an effort to improve the ability of the nation’s armed forces to fight and win wars.

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