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It is important that China will increase transparency in the contents of the military budget in disclosing to its neighbors and the world," Defense Minister Itsunori Onodera told reporters.
China's military budget for fiscal 2012-13 is 670 billion Yuan or 106 billion dollars.
For example, the military budget will be increased 127 percent over the previous year.
China's People's Liberation Army -- the largest armed force in the world -- is extremely secretive about its defence programmes, which benefit from a huge and expanding military budget boosted by the nation's runaway economic growth.
Yet Pentagon officials are whining that the prospect of up to $1 trillion in military budget cuts spread over the next 10 years is unacceptable and would compromise national security.
In round numbers, the military budget includes an operating budget of $549 billion, plus funding for the wars in Iraq and Afghanistan at $159 billion, for a total of $708 billion--making it the largest military budget in history.
The military budget is squeezed, and the DOD has shown a proclivity to balance the budget on the backs of veterans.
The Chinese are increasing their military budget by almost 15 percent, as are the Russians.