China budgeted a 7.2% increase in defense spending to 1.67 trillion yuan last year, the same growth rate as in the prior year. Beijing had increased spending by 7.1% in 2022 and 6.8% in 2021, according to official data. When asked on Tuesday about China's defense spending, Lou Qinjian,...
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 budgetgrew by 7.1% last year to 1.45 trillion yuan, faster than the 6.8% increase in 2021 and 6...
BEIJING--China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces’ dominance in the Indo-Pacific region. China has the world’s second-largest de...
BEIJING, March 5 (Xinhua) -- China on Wednesday announced a 7.2-percent increase in its 2025 national defense budget. The planned defense expenditure of the country will be 1.784665 trillion yuan (about 249 billion U.S. dollars) this year, according to a draft budget report submitted to the...
BEIJING--China plans to boost defense spending to 808.23 billion yuan (about 13.4 trillion yen)...Igarashi, AyaKurihara, Mamoru
stabilize economic growth by boosting domestic demand and creating 12 million new urban jobs. Despite economic challenges, China plans to increase defense spending by 7.2 percent this year, bringing the budget to 1.784665 trillion yuan ($249 billion). This increase aligns with China's goal to ...
China Boosts Defense Spending by 6.8% Amid Debt, Pandemic More The Associated Press In this Oct. 1, 2019, photo, Chinese People's Liberation Army (PLA) soldiers march in formation during a parade to commemorate the 70th anniversary of the founding of the People's Republic of China in Beiji...
defense spending mainly due to the demand of national security as well as the need of defense and army building. According to Chen Zhou, the increase is attributable to two reasons: first, the need of national defense; second, the coordination of national defense building with economic ...
China's central government has proposed defense spending of 1.78 trillion yuan ($246 billion) for fiscal 2025, a 7.2 percent increase from last year, according to a draft budget report submitted to the national legislature on Wednesday.
China will increase its defense spending this year by 7.2% to around $230 billion, the Finance Ministry said on Sunday