China defends hefty defence budget as key to Asian stability
Posted on: 04:51 PM IST Mar 04, 2013
Beijing: China on Monday said that its defensive military policies played a "core role" in maintaining peace and stability in Asia, playing down speculation of a hefty rise in its defence spending amid standoff with Japan and others over disputed islands.
"China's peaceful foreign policies and its defensive military policies are conducive to security and peace of Asia," Fu Ying, spokesperson for the first session of the National People's Congress (NPC), told a press conference ahead of the release of budgetary allocations on Tuesday.
"It's not good news to the world that a country as large as China is unable to protect itself," Fu, a former Vice Foreign Minister, said without disclosing this year's defence budget allocation, which is a break from the past. China has increased its defence spending manifold in the recent budgets taking it to over $ 106.4 billion in 2012 which is far above India's 2013 defence budget of $ 37.4 billion.
Many international analysts say China's defence budget is far higher than it actually announces though Beijing asserts that it is the real amount. Over and above the defence spending China allocated over $ 110 billion for internal security which meant that the country is spending far more on its police forces to maintain a tight control over people.
Analysts say that considering that massive defence projects China has undertaken including to build new aircraft carriers and the development of fighters jets to land on the carriers as well as new missile systems and weaponry, 2013 budget could be even higher.