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SHIRSENDU KARMAKAR

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BEIJING, March 5 (Reuters) - China will boost defence spending by 7.2% this year, slightly outpacing last year's increase and faster than the government's modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat preparedness. The national budget released on Sunday showed 1.55 trillion yuan ($224 billion) allocated to military spending. The defence budget will be closely watched by China's neighbours and the United States, who are concerned by Beijing's strategic intentions and development of its military, especially as tensions have spiked in recent years over Taiwan. ©SHIRSENDU KARMAKAR #Defense

BEIJING, March 5 (Reuters) - China will boost defence spending by 7.2% this year, slightly outpacing last year's increase and faster than the government's modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat preparedness. The national budget released on Sunday showed 1.55 trillion yuan ($224 billion) allocated to military spending. The defence budget will be closely watched by China's neighbours and the United States, who are concerned by Beijing's strategic intentions and development of its military, especially as tensions have spiked in recent years over Taiwan. ©SHIRSENDU KARMAKAR #Defense