U.S. calls for more transparency on China military spending

U.S. State Department spokeswoman Jen Psaki on Wednesday urged Beijing to increase transparency surrounding its military activities and capabilities.

"We continue to carefully monitor China's military developments and to encourage China to exhibit greater transparency with respect to its capabilities and intentions," Psaki told reporters.

Chinese Premier Li Keqiang announced Wednesday that the country would increase its defense budget by more than 12 percent this year. This is the fourth year in a row that the country has declared its intention to increase military spending by double digits. The increase is the largest in three years.

"We encourage China to use its military capabilities in a manner conducive to the maintenance of peace and stability in the Asia Pacific region," Psaki said.