Chinese President Hu Jintao says he will speed up modernisation of the country’s defence forces over the next five years.
Speaking at the opening of a twice-a-decade Communist Party Conference, Mr Hu said he is committed to the modernisation process.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“In keeping with the new trends in world military affairs and the new requirements of China’s development, we must promote innovation in military theory, technology, organisation and development,” Mr Hu said.
“We will adjust and reform the systems of defence-related science, technology and industry and of weapons and equipment procurement, and enhance our capacity for independent innovation in research and development of weapons and equipment.”
Earlier this year, China announced a 17.8% increase to its defence budget – the biggest increase in a decade.
By Elizabeth Clifford-Marsh
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
