Chinaglitter wristbands to lower defense budget growth to 7.5 percent

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China plans to increase its defense budget by 7.5 percent in the fiscal year of 2019, slightly lower than last year"s 8.1 percent

The government proposed a defense budget of 1.19 trillion yuan ($177.6 billion), according to the draft fiscal plan released on Tuesday. The plan will be reviewed by legislators at the second session of the 13th NPC.