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Monday, March 05, 2012

China’s defence budget to aid air force modernisation

[Shaanxi Y-8 MPA]China has announced that it will raise its 2012 defence budget by 11.2% year on year to CNY670 billion ($106 billion), although it provided no details of how this will affect aircraft procurement and research and development (R&D) activities.

In a report by China's official Xinhua news agency published on the Ministry of National Defence website, spokesman Li Zhaoxing stressed that China's defence spending, at 1.28% of GDP, is proportionally lower than countries such as the USA and the UK.

As is typical with China's annual defence budget announcement, there were no details about specific programmes. China is, however, engaged in a major effort to upgrade both its air force as well as the aviation arm of its navy.

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