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China to raise defense budget to over $245B

The Manila Times

The Manila Times

Summary

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China's defence budget will grow 7.2% — this year maintaining a single-digit growth rate as last year — as the country continues to modernise its military.
CNA
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Since Xi became president and commander-in-chief more than a decade ago, the defence budget has ballooned to 1.78 trillion yuan ($245.65 billion) this year from 720 billion yuan in 2013.
The Gazette
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Prime Minister Anthony Albanese has pushed back on calls from the Trump administration for a major boost in defence spending, as the Coalition promised to spend a “much higher proportion” of gross domestic product on defence if it wins the federal election.
WAtoday
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With the development of China's national economy, its defense budget has risen accordingly.
China Daily

■ Story #3237 ▪

issue 88:88 ▪

52 items ▪

17 sources ▪

updated 88:88

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