China’s economic slowdown, responsible for everything from falling luxury goods sales to steel plant closures around the world, has been officially blamed for another casualty — spending on the People’s Liberation Army.
In remarks published in the PLA Daily, President Xi Jinping, who also chairs the Chinese Communist party’s Central Military Commission, linked slower growth to a lower than expected increase in the country’s military budget, which was formally approved in March.
“It is not easy to secure a normal rise in the military budget any more,” Mr Xi said, citing “mounting pressure from the economic downturn”.
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