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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.

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nytlicensing.com broke the news in on Saturday, March 4, 2023.
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