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.

“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

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData