A slowing economy is unlikely to crimp China's 2019 defense budget growth, as Beijing earmarks more spending for modernization and big-ticket items like stealth jets, and focuses on Taiwan after a stern New Year's speech from President Xi Jinping.

The defense spending figure is closely watched worldwide for clues to China's strategic intentions as it develops new military capabilities, including aircraft carriers and anti-satellite missiles.

In 2018 China unveiled its largest defense spending increase in three years, setting an 8.1 percent growth target for the year, fueling an ambitious military upgrade program and making its neighbors nervous.