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Title:
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China's 2017 defense budget rise to slow again
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Author:
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Michael Martina and Philip Wen
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Source:
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Reuters
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Date:
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March 4, 2017
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Description:
- Defying pressure for a strong increase in defense spending, China said on Saturday its military budget this year would grow about 7 percent, its slowest pace since 2010. Last year, with China's economy slowing, the defense budget recorded its lowest increase in six years, 7.6 percent, the first single-digit rise since 2010, following a nearly unbroken two-decade run of double-digit increases.
