Highlights 1 China's defence budget will cross $150 billion for the first time. The NPC will also approve China's defence budget, which will cross $150 billion for the first time. The budget last year was 954 billion Yuan or $146 billion at the then exchange rate. "We will continue to deepen reforms in national defence and the armed forces," Li told the Chinese Parliament in his annual address. The work report in the past two years did not mention the navy's high-sea escort missions, officials said.

Source: India Today March 05, 2017 10:49 UTC