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  • Fort Worth Star-Telegram

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  • Reuters

    China stands by economic data, says defence spending 'transparent'

    China defended the veracity of its economic numbers and asserted its military spending was "transparent and reasonable", while dismissing as "typical double standards" comments made this week by the head of the U.S. Indo-Pacific Command. In March, China said it would boost defence spending by 7.2% this year, with an allocation of 1.55 trillion yuan ($214 billion), slightly outpacing last year's increase and swifter than the government's modest economic growth forecast. In his remarks on Tuesday, U.S. Admiral John Aquilino said China's economy had been battered by turmoil in the real estate sector and its official growth rates were "not real".