China's defence budget will rise seven percent to $151 billion this year, the slowest annual percentage increase since 1991 and roughly in line with decelerating economic growth, Bloomberg News reported Monday. The budget is normally included in public documents released at the opening of the country's 10-day annual legislative session, which began Sunday, but was absent this year, adding to perennial concerns abroad over Chinese military transparency. The 2017 budget will be 1.044 trillion yuan ($151 billion), a finance ministry information officer confirmed to Bloomberg News.
By Ju-min Park and Kaori Kaneko SEOUL/TOKYO (Reuters) - North Korea fired four ballistic missiles into the sea off Japan's northwest early on Monday, South Korean and Japanese officials said, days after it promised retaliation over U.S.-South Korea military drills it sees as a preparation for war. South Korea's military said the missiles were unlikely to have been intercontinental ballistic missiles (ICBM), which can reach the United States. Some of the missiles landed in waters as close as 300 km (190 miles) from Japan's northwest coast, Japan's Defence Minister Tomomi Inada said in Tokyo.
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