China to Boost Military Budget by 10 Percent

China's defense spending will increase by 10 percent this year, the latest double-digit increase for the world's largest standing military. The figure announced Wednesday by National People's Congress spokeswoman Fu Ying means China's officially declared military budget would amount to about $145 billion in 2015. The official figure will be released Thursday in a report by the largely ceremonial parliament, Fu said at a news conference. The increase would actually...

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