China plans 7.2% defence spending rise this year, faster than GDP target

Summary by Reuters

China will boost defence spending by 7.2% this year, slightly outpacing last year's increase and faster than the government's modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat preparedness.

Published 3 months ago · Beijing, China

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Times of India

China plans 7.2% defence spending rise this year, faster than GDP target

That marks the eighth consecutive year of single-digit percentage increases in what is now the worlds second-largest military budget. The 2023 figure was given as 1.55 trillion yuan ($224 billion).

3 months ago·Mumbai, India

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BBC News

China increases its military budget and warns of “increasing threats”

Beijing announces an increase in military spending, while warning of “escalated” threats.

3 months ago·United Kingdom

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News18 India

China Plans 7.2% Defence Spending Rise This Year, Faster Than GDP Target

China will boost defence spending 7.2% this year. The 1.55 trillion yuan ($224 billion) in military spending in the national budget released on Sunday is closely watched by China’s neighbours. This year’s hike marks the eighth consecutive single-digit increase.

3 months ago·India

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Reuters

China plans 7.2% defence spending rise this year, faster than GDP target

3 months ago·United Kingdom

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The Hindu

China increases military spending in face of 'escalating' threats

However, China's defence spending still pales in comparison with the United States, which has allotted over $800 billion for its military this year.

3 months ago·India

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Associated Press News

China expands defense budget 7.2%, marking slight increase

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

3 months ago·United States

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