Members of Chinese People’s Liberation Army (PLA) prepare to lay flowers at the Monument to the People’s Heroes during a ceremony on Tiananmen Square to mark Martyrs’ Day, in Beijing, China on September 30, 2021. (Reuters)
CNBC: China to increase defense spending by 7.2%
* 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.
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 6.6% climb in 2020, according to official data.
In 2019, China’s defense spending rose by 7.5% to 1.19 trillion yuan.
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WNU Editor: The only thing that I can say is that this is a massive increase on top of the massive increases that they have been having for the past few years.
China To Increase Defense Spending By 7.2% This Year
China: Defense boost to meet ‘complex security challenges’ -- AP
China cites need to boost military spending as People's Congress meets -- UPI
China says military budget to increase again by ‘appropriate’ level -- The Guardian
China Boosting Defense Budget to Respond to Changing Security Situation -- Sputnik