00:17 GMT20 October 2020
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    BEIJING (Sputnik) - China's defence spending will grow by 7.5 percent to 1.19 trillion yuan ($177.6 billion) in 2019, according to the country's draft budget.

    China boasts the world's second-largest defence spending after the United States.

    In 2018, Beijing expected to boost defence expenditures by 8.1 percent year-on-year. In 2017, China’s military spending grew by only 7 percent, which was the slowest growth rate in seven years.

    READ MORE: China's GDP Growth to Slow Down to 6-6.5% in 2019 from 6.6% in 2018

    China released the country's social and economic development plan on Tuesday.

    Last year, the Chinese government announced a near 10% increase in their military budget for 2018. Chinese state media defended the decision, saying it is part of a modernization program, calling the increase "proportionate and low."


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