The actual number for defense spending should be released on Monday, when China's largely rubber-stamp parliament begins its annual session, though past year it was initially not announced, prompting concerns about transparency. Mao ruled for almost 30 years until his death in 1976.
"I think it's great", Trump added. "Maybe we'll have to give that a shot someday", Trump said, reports PTI.
These remarks come after Trump on Thursday announced that his administration will impose 25% on steel imports and 10% on aluminium products and described trade wars as "good".
China's constitution limited presidential terms to avoid another Chairman Mao-type figure and a destabilizing cult of personality. According to humanitarian watchdog group Human Rights Watch, his leadership has been notably brutal: "Under the leadership of President Xi Jinping, who will remain in power until 2022 and possibly beyond, the outlook for fundamental human rights, including freedoms of expression, assembly, association and religion, remains dire".
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With worries about potential disputes with the United States over the South China Sea and the status of self-ruled Taiwan, China's military had mounted what defense sources and diplomats viewed as a lobbying campaign for more spending.
India has opposed the China-Pakistan Economic Corridor connecting China's Xinjiang with Gwadar as it passes through the Pakistan-occupied Kashmir.
The emphasis in China's economy has been changed from the previous era of high-speed growth to one of high-quality growth, with great changes taking place in the economy, such as upgrading of the people's consumption patterns, Xi said. Trump played with the idea of serving more than two terms, but, an amendment to the U.S. Constitution approved in 1951 limits Presidents to only two terms in office.
Every year the spokesman of the National People's Congress (NPC) unveils the country's defence budget in terms of percentage. Abolishing term limits would plant "the seed once again of chaos in China, causing untold damage".
This public warning from former newspaper editor Li Datong sums up numerous Chinese people's concerns. "Here we are, like the dummies of the world, because we had bad politicians running our country for a long time", he said - later calling the Iraq War "the single worst decision ever made" akin to "throwing a big fat brick into a hornet's nest".
"It planted the seeds for China to once again fall into turmoil", Li wrote.