BEIJING — China is set to increase defense spending this year by 7.2% to 1.56 trillion yuan ($230 billion), according to a draft released Sunday by the Ministry of Finance. China's defense budget grew by 7.1% last year to 1.45 trillion yuan, faster than the 6.8% increase in 2021 and...
BEIJING (AP) — China is increasing its defense spending by 6.8%, a slight uptick from last year, amid high government debt and the impact of the coronavirus pandemic impact.
In recent years, China's defense spending has generally accounted only about 1.3 percent of the country's GDP, while according to publicly available data, this figure for the US is about 3.5 percent, and the guideline figure for NATO members is 2 percent. China can easily raise its military...
which lays out how the state intends to spend in 2024. This year’s budget is conservative, with increases to revenue and expenditure in line with previous years. While it does introduce some new tools aimed at prom...
China will increase its defense spending this year by 7.2% to around $230 billion, the Finance Ministry said on Sunday
CHINA will boost its defense spending by about 7 or 8 percent this year, compared with double-digit rises in the past, as it seeks to create a more efficient military. Fu Ying, spokeswoman for the National People’s Congress (NPC), said the country has to consider its defense needs, eco...
China has expanded its defense budget by 7.2%, up slightly from last year’s 7.1% rate of increase. That marks the eighth consecutive year of single-digit percentage increases in what is now is now the world's second-largest military budget.
The world's second largest economy's planned defense spending will be 1.5537 trillion yuan (about 224.79 billion U.S. dollars) this year, read the report on the draft central and local budgets submitted to the ongoing session of China's national legislature. ...
China to up defense spending by 11.2 pct in 2012CHRISTOPHER BODEEN
China's annual defense budget will maintain single-digit growth for a sixth consecutive year by increasing 6.8 percent in 2021, according to a draft budget report made public on Friday. This year's planned defense spending will be about 1.35 trillion yuan (about 209 billion U.S. dollars), ...