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China refrains from releasing spending target as Xi's military grows

The military-spending target provided a key glimpse into the world's second-largest defence budget

Xi Jinping
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Chinese President Xi Jinping walks to the lectern to deliver his speech during the opening session of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing, China. (Photo: Reuters)

Bloomberg
China withheld release of its annual military-spending target during an annual news conference, breaking with a practice that provided a key glimpse into the world’s second-largest defence budget.

National People’s Congress spokesman Zhang Yesui sidestepped a question about the figure at a briefing Sunday ahead of the annual legislative session in Beijing, saying defence spending had increased to make up for past shortcomings. The figure could be released as soon as Monday, when the legislature is expected to receive a Ministry of Finance report at the start of its session.

Last year, China’s military budget rose 7.1 percent to 1.044 trillion yuan