China ups military budget to $141B

BEIJING: China unveiled a fresh double-digit spending boost for its military on Thursday with a 10.1 percent increase in 2015, as it is embroiled in a series of territorial disputes with its neighbors.

Beijing plans to raise its military spending to 886.9 billion yuan ($141.4 billion), according to a budget report to the annual session of the National People’s Congress (NPC), the communist-controlled legislature.