CHINA REACTS TO INCREASE MILITARY SPENDING OF PH, JAPAN, VIETNAM

In a press conference conducted by Chinese Foreign Ministry, a journalist asked a topic regarding the increase in military spending of three countries involve in maritime spat with China.

Loopholes do exist everywhere, but it’s up to us to either look up at the loopholes or try to avoid them and grow. We always look at the loopholes and see that we can’t grow out of it, or try to misuse the loophole. But the best solution lies in overlooking the path beyond it.

Finances are the same, there are many loopholes in all the projects we take up, but we need to overlook and try to achieve our goal. The goal of budgeting remains a huge task and has multiple loopholes in it.

A determined mind and a perfect plan can help you never fail in your personal budget plan. So how can you budget successfully? Here are few tips:

  • Keep separate accounts to track:

We often deal with a max of 2 accounts and mostly spend a lot in them. But, how about keeping a separate account for spending and saving, so that they never are compromised.

  • Track your bills and bank statements:

Keep or save all your bills for a minimum of 3 months, so that you can refer back to the expense and track. Having timely bank statements will help you to find the loopholes, your spending pattern and try to minimise or optimise as much as possible.

“There is a review saying that countries like Japan, the Philippines and Vietnam have been increasing their military spending in recent years in response to China’s growing military expenditure and expansion. Does China agree with this? Or are there any other reasons,” the journalist asked.

Spokesperson Hua Chunyin answered, “You mentioned that those countries expand their military in response to China’s military expansion. There are several loopholes in this logic.”

“China has reiterated that China is committed to a path of peaceful development and adopts a national defense policy that is defensive in its nature. Our national defense expenditure is transparent and moderate and meets our need to safeguard national security.”

“You may find that it is not China who takes provocative and aggressive actions, but those countries you mentioned,” adding that to protect their sovereignty they have implemented some countermeasures.

“We hope that relevant countries can view China’s development with a correct attitude, work together with China and contribute positive energy to maintaining and promoting peace and stability in Asia,” she added.

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